Market Overview

UPDATE: Topeka Capital Markets Downgrades LG Display Co. to Hold, Reiterates $16.15 PT

Share:
Related LPL
Benzinga's Top Upgrades
UBS Upgrades LG Display To Buy
Universal Display higher; LG Display reportedly plans new OLED line (Seeking Alpha)

In a report published Friday, Topeka Capital Markets downgraded its rating on LG Display Co. (NYSE: LPL) from Buy to Hold, and reiterated its $16.15 price target.

Topeka Capital noted, “Given the 36% rise in LPL's stock price over the past month and now at what we believe to be a healthy valuation in the current environment, we are downgrading our rating on LG Display to HOLD from BUY but maintaining our price target. We still expect LPL to outperform its competitors and gain share; however, we believe the upside potential now appears limited.”

LG Display Co. closed on Thursday at $16.29.

Latest Ratings for LPL

DateFirmActionFromTo
Jun 2015UBSUpgradesNeutralBuy
Jun 2015BernsteinUpgradesUnderperformMarket Perform
Jun 2015Credit SuisseUpgradesUnderperformNeutral

View More Analyst Ratings for LPL
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (LPL)

Around the Web, We're Loving...

Get Benzinga's Newsletters