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Fly News Breaks for September 18, 2017
OLED
Sep 18, 2017 | 13:17 EDT
Goldman Sachs analyst Brian Lee noted that Universal Display currently sells red and green phosphorescent emitters into commercial devices and while blue commercialization has been "elusive" he thinks from recent developments and management comments that blue's potential is increasing. The analyst, who thinks the addition of blue materials to its portfolio could more than double Universal's revenue content per smartphone, raised his price target on the stock to $161 from $150 and keeps a Buy rating on the shares.
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