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Fly News Breaks for February 22, 2019
OLED
Feb 22, 2019 | 09:17 EDT
Needham analyst James Ricchiuti raised his price target on Universal Display to $140 and kept his Buy rating after its Q4 earnings beat and in-line FY19 revenue guidance that implies 31%-41% growth, suggesting that the outlook for the year is looking "strong". The analyst is also positive on the management's investment efforts in R&D, adding that the inventories of Universal Display's large customers are also looking "much leaner".
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