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Fly News Breaks for January 18, 2017
HIMX
Jan 18, 2017 | 07:51 EDT
Credit Suisse downgraded Himax to Neutral and lowered its price target to $6.30 from $12. The firm's analyst expects 2017 to be a difficult year for Himax due to its losing share in large Display Driver IC and its in-cell Touch Display Driver IC is still under qualification. The non-DDI segment is also facing continued ramp down of Argument Reality devices amid product transition, and firm believes the new generation products have been pushed out.
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