Fly News Breaks for February 13, 2020
Feb 13, 2020 | 13:52 EDT
Lake Street analyst Jaeson Schmidt raised his price target on Himax shares to $6.50 from $5.00 following the company's Q4 report, telling investors he is "hard pressed to find anything to pick at" given that revenue, gross margins and earnings guidance all beat consensus estimates. The guidance "is even more impressive" since management said they took an approximate 10% haircut on their outlook to reflect the uncertainty of the coronavirus, according to Schmidt, who keeps a Buy rating on Himax shares.
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