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Fly News Breaks for July 14, 2017
HIMX
Jul 14, 2017 | 07:05 EDT
Oppenheimer analyst Andrew Uerkwitz downgraded Himax Technologies to Underperform with a $4 price target. Lowered smartphone expectations in China for 2017 will weigh on the company's near-term orders, Uerkwitz tells investors in a research note. The analyst believes a "smooth" turnaround for Himax's DDIC business is unlikely and notes his estimates for the company have been Street-low for some time.
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