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Fly News Breaks for March 9, 2018
HIMX
Mar 9, 2018 | 08:10 EDT
Nomura Instinet analyst Donnie Teng downgraded Himax to Neutral and lowered his price target for the shares to $8 from $10. The analyst previously had high hopes for Himax's 3D sensing business, but after a few months of waiting, he now thinks the company has "little or no chance" to do diffractive optical element for Huawei's 3D sensing project in the second half of 2018. He believes Himax is losing market share on smartphone DDI as well.
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