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Fly News Breaks for November 20, 2018
HIMX
Nov 20, 2018 | 14:56 EDT
As previously reported, Roth Capital analyst Suji Desilva downgraded Himax to Neutral from Buy given reduced visibility as smartphone manufacturers work through inventory of devices built in Q3. Desilva believes that flagship smartphone orders for WLO parts has softened in recent weeks and that China smartphone demand remains soft. Given the smartphone softness and reduced visibility, Desilva lowered the price target on Himax shares to $4 from $7.
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