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Fly News Breaks for March 9, 2017
HIMX
Mar 9, 2017 | 07:31 EDT
Mizuho analyst Kevin Wang upgraded Himax to Buy from Neutral and increased its price target to $8.60 from $6.60. Wang is more positive on Himax's 2017-2018 outlook given potential DOE orders for 3D sensing on iPhone and a China smartphone DDIC inventory build-up for Himax starting in late February. The analyst expects Himax to be a supplier of 3D sensing on the iPhone8 due to its technical advantages and experiences with DOE based on its wafer level optic manufacturing knowledge.
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