Universal Display price target raised to $210 from $180 at Oppenheimer

Oppenheimer raised the firm’s price target on Universal Display to $210 from $180 and keeps an Outperform rating on the shares. Universal Display remains the firm’s highest conviction idea into 2024, and Oppenheimer tells investors in a research note that the company is well-positioned to deliver high-teens revenue growth with strong operating leverage without significant recovery in underlying markets.