TD Cowen analyst Krish Sankar raised the firm’s price target on Universal Display to $210 from $165 and keeps an Outperform rating on the shares. The firm said results were inline and while investments in the business do curtail the earnings power, the long-term prospects for Universal Display remain strong due to smartphone recovery, TV and IT panel growth, and the eventual commercialization of Blue.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on OLED:
- Universal Display Corp. (OLED) Q4 Earnings Cheat Sheet
- Universal Display price target raised to $198 from $175 at Needham
- IBM upgraded, Hertz downgraded: Wall Street’s top analyst calls
- Universal Display downgraded to Neutral from Buy at Citi
- Universal Display price target raised to $170 from $150 at Susquehanna
