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Fly News Breaks for March 29, 2017
HIMX
Mar 29, 2017 | 14:53 EDT
After meeting with semiconductor and supply chain companies, Roth Capital analyst Suji Desilva says his supply chain checks provided positive indicators for Himax. China smartphone demand has stabilized and can broadly help the company's small panel driver IC demand, and flagship smartphone launches this year will include advanced 3D sensing capabilities, which can provide incremental revenue opportunity for Himax, the analyst explains. Desilva reiterated a Buy rating on the stock and raised his price target on the shares to $11 from $10.
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