Susquehanna analyst Mehdi Hosseini upgraded Universal Display to Neutral from Negative with a price target of $135, up from $82. The analyst says the firm’s Negative thesis has played out. Commercial Blue in 2024 bodes well for the company and Universal Display is expanding its total addressable market, Hosseini tells investors in a research note. But, there remain "several unknown factors that prevent us from becoming more constructive," writes the analyst.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on OLED: