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Fly News Breaks for August 10, 2018
OLED
Aug 10, 2018 | 09:27 EDT
Needham analyst James Ricchiuti raised his price target on Universal Display to $145 and kept his Buy rating after its "stronger" Q2 results, saying the quarter increases his confidence that the company is positioned for a "sharp" second-half recovery. The analyst cites a 46% sequential increase in material sales and sees 2019 OLED market benefiting from the launch of new OLED-based consumer electronics devices generating a "wave of new OLED capacity".
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