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Fly News Breaks for January 9, 2018
HIMX
Jan 9, 2018 | 15:36 EDT
Baird analyst Tristan Gerra raised Himax's price target to $12 from $10 telling investors TDDI and automotive are expected to lift the company's driver IC revenue outlook in Q1, and more smartphone OEMs will be using the 3D sensing solution using Qualcomm's structured light and initial ramps in Q2. The analyst believes Himax is on the path to revenue diversification and expects the company to increase AI related investments this year. Gerra rates Himax a Buy.
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HIMX
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