As previously reported, Craig-Hallum analyst Anthony Stoss downgraded Himax (HIMX) to Hold from Buy as he believes the Augmented Reality revenue ramp investors were expecting will not materialize in 2017 with devices like Microsoft's (MSFT) HoloLens still in the developmental stage. He also doesn't think the company's touch and display driver integration business will ramp as quickly as expected given strong competition, in particular from Synaptics (SYNA). Stoss cut his price target on Himax shares to $7 from $10.
Shares of Walmart-backed (WMT) Ibotta soared in their market debut, rising more than 30% and giving the digital marketing company a valuation of about $3. 55B... To see the rest of the story go to thefly.com. See Story Here