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Fly News Breaks for January 23, 2018
LPL
Jan 23, 2018 | 16:38 EDT
As reported earlier, Morgan Stanley analyst Shawn Kim upgraded LG Display to Overweight from Underweight in a broader research note titled "TFT-LCD Upgrade - Two Ways to Win". Kim cites upcoming catalysts that include expected stabilization of LCD panel prices, upside risks to demand, and a favorable risk-reward following a recent retreat in stock price. The analyst also notes that LG Display trades below 0.7-times expected 2018 price to book value, which appears "unreasonable" since there is no reason to expect an LCD pricing collapse.
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