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Fly News Breaks for February 24, 2020
Feb 24, 2020 | 08:54 EDT
Roth Capital analyst Scott Searle lowered his price target for Universal Display to $182 from $216 after the company reported a mixed bag for Q4. While the overall long-term outlook remains healthy, near-term disruptions due to the coronavirus and a $25M customer pre-buy have disrupted visibility and near-term linearity, he contends. While Searle remains positive on the long-term opportunity with less than 3% square meter TAM penetration, he maintains a Neutral rating on the shares.
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