Cowen analyst Robert Stone attributed the move higher in shares of Universal Display (OLED) to two news items, namely a report from Wired that highlighted LG's price cuts for its OLED TVs and a Korea Times report that the Korean government plans more support for OLED projects. The analyst, who believes LG's price cuts reflect a capacity ramp at LG Display (LPL), previously stated in a note published on Wednesday that he believes the second half of the year looks strong for Universal Display. Stone keeps an Outperform rating and $60 price target on the stock.