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Fly News Breaks for December 3, 2015
HIMX
Dec 3, 2015 | 07:15 EDT
Northland analyst Tom Sepenzis upgraded Himax to Outperform and increased its price target to $10 from $7 on shares. The core business appears to be stabilizing; with handset inventory levels in China so low that rush ordering has begun in small batches, Sepenzis wrote. The analyst believes Himax is seeing slightly better large panel display performance during the December quarter and ASP pressures have receded somewhat given the growth in 4K displays, and should continue into 2016.
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