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Fly News Breaks for September 17, 2019
HIMX
Sep 17, 2019 | 07:57 EDT
Lake Street analyst Jaeson Schmidt lowered his price target for Himax Technologies to $2.50 from $3 saying the headwinds the company laid out on its Q2 earnings call in August will persist beyond Q3 and are set to impact 2020. The analyst thinks the softness Himax is seeing is broad-based across all three of its segments. Furthermore, he believes "depressed gross margin will significantly eat into profitability." Schmidt keeps a Hold rating on Himax.
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