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Fly News Breaks for January 31, 2020
Jan 31, 2020 | 07:53 EDT
Lake Street analyst Jaeson Schmidt upgraded Himax Technologies to Buy from Hold with a price target of $5, up from $2.50. The analyst believes Himax has seen growing momentum across numerous product lines over the past couple of months. He has increasing confidence the company can return to "solid, double-digit" growth this year and show improving profitability as the year progresses. Himax's ability to provide "solid" Q1 guidance and positive commentary on the expanding design win pipeline for the year "should be enough evidence the growth story is back on track," Schmidt contends.
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