As reported earlier, Morgan Stanley analyst Shawn Kim upgraded AU Optronics to Overweight from Equal Weight in a broader research note titled "TFT-LCD Upgrade - Two Ways to Win". Kim cites upcoming catalysts that include expected stabilization of LCD panel prices, upside risks to demand, and a favorable risk-reward following a recent retreat in stock price. The analyst also notes that AU Optronics revenue should revive in Q2 and Q3, with gross margins trending higher on the company's strategic focus on premium offerings, higher resolution, and curved panels.