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Fly News Breaks for July 22, 2019
OLED
Jul 22, 2019 | 07:27 EDT
Roth Capital analyst Scott W. Searle downgraded Universal Display to Neutral from Buy based on valuation, noting that the stock has more than doubled since he initiated coverage of it. Industry fundamentals remain healthy given continued growth in mobile display, TVs, and new applications such as flexible displays and general lighting, but much of this upside is currently priced in, the analyst tells investors.
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