Universal Display (OLED) PT Raised to $190 at Deutsche Bank on 4Q Report; 'Long-Term Trends Unchanged'
Deutsche Bank raised its price target on Universal Display (NASDAQ: OLED) to $190.00 (from $170.00) while maintaining a Buy rating, following the company's fourth quarter earnings report.
Analyst Sidney Ho notes a positive outlook on the shares, as OLED reported fourth quarter earnings per share and revenue results above consensus projections driven by new capacity being brought online, offering more meaningful growth upside, despite Apple order cuts leading to 2018 guidance below consensus.