Topeka Capital Downgrades LG Display (LPL) to Hold on Valuation

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November 9, 2012 8:35 AM EST
Get Alerts LPL Hot Sheet
Price: $3.29 -2.66%

Rating Summary:
    3 Buy, 9 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 12 | New: 12
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Topeka Capital downgraded LG Display (NYSE: LPL) from Buy to Hold with a price target of $16.15.

The firm comments, "Given the 36% rise in LPL's stock price over the past month and now at what we believe to be a healthy valuation in the current environment, we are downgrading our rating on LG Display to HOLD from BUY but maintaining our price target. We still expect LPL to outperform its competitors and gain share; however, we believe the upside potential now appears limited."

For an analyst ratings summary and ratings history on LG Display click here. For more ratings news on LG Display click here.

Shares of LG Display closed at $16.29 yesterday.

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