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Fly News Breaks for October 11, 2016
OLED
Oct 11, 2016 | 12:05 EDT
Cowen said Universal Display shares are oversold on Samsung ending Note 7 production. Analyst Robert Stone said the news may reduce Samsung short-term emitter purchases, but expects continued share gains vs. LCD. The analyst said many other Samsung devices use AMOLED displays, other external customers have been supply constrained, and the Q4 license payment is fixed. Stone recommend buying Universal Display on weakness and reiterates his Outperform rating and $75 price target.
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