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Fly News Breaks for February 13, 2018
HIMX
Feb 13, 2018 | 13:17 EDT
Roth Capital analyst Suji Desilva lowered his price target for Himax to $12 from $15 as near-term guidance adjusts for smartphone demand weakness ahead of new product launches, impacting small/medium and non-driver segments. Looking toward mid-2018, the analyst expects smartphone recovery and a strong rebound in non-driver growth driven by 3D sensing. Desilva reiterates a Buy rating on the shares.
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