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Fly News Breaks for January 31, 2018
AUO
Jan 31, 2018 | 06:01 EDT
Credit Suisse analyst Jerry Su last night downgraded AU Optronics to Underperform from Neutral with a reduced price target of NT$11.50. Better TV panel shipment since Q4 is due to faster panel price decline and early pull-in for upcoming sports event promotions, Su tells investors in a research note. The analyst believes this will not have a significant boost to full year TV demand. The analyst thinks panel procurement could slow down again by mid-2018, leading to more average selling pressure in the second half of the year.
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