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Fly News Breaks for July 12, 2019
OLED
Jul 12, 2019 | 07:30 EDT
Needham analyst James Ricchiuti raised his price target on Universal Display to $210 and kept his Buy rating, saying the resiliency of the stock given the concerns about smartphone demand and supply chain disruptions related to Japan-South Korea trade tensions has been impressive. The analyst notes that while these factors could keep Universal Display from reaching the high end of its FY19 revenue growth outlook, he remains constructive on the company and expects "strong" revenue growth to continue in 2020 and 2021.
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