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Fly News Breaks for April 6, 2018
OLED
Apr 6, 2018 | 05:18 EDT
Oppenheimer analyst Andrew Uerkwitz upgraded Universal Display to Outperform with a $120 price target. With the shares down 41% year-to-date, the stock is oversold and the risks are fully priced in, Uerkwitz tells investors in a research note. The analyst sees "multiple positive catalysts" in 2019 and 2020, including an OLED ramp in China, OLED TV, and possibly commercial blue emitter being announced over the next two years. He recommends buying Universal Display on the recent pullback.
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