UPDATE: Goldman Sachs Comments on Universal Display Corporation In Light of Alliance

Goldman Sachs has published a report on Universal Display Company

, commenting on the merger between it and Samsung Mobile Display. The report commented, "We think the signing of the long-awaited licensing agreement should provide a solid lift to the stock. Although we had anticipated a new longterm agreement with SMD, the timing was more favorable than we had expected. Moreover, while the economics of the new licensing and material purchase agreements were not disclosed, we expect royalty and materials revenue to move higher, particularly when the color green OLED is introduced for commercial production." Goldman Sachs provided no rating or price target on Universal Display Corp. Universal Display closed Monday at $34.69.