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Fly News Breaks for May 30, 2019
HIMX
May 30, 2019 | 13:08 EDT
As previously reported, Roth Capital analyst Suji Desilva upgraded Himax to Buy from Neutral as he believes a confluence of macro exogeneous and company specific events is creating a favorable outlook for the company. The analyst thinks that Himax is experiencing a recovery of orders across its smartphone and large display customers, and in the non-driver segment, he believes the company is seeing increased demand for 3D sensing components at its flagship smartphone customers. Desilva also raised his price target on the shares to $5 from $4.
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