Bank of America Downgrades Himax Technologies, Inc. to Underperform

Loading...
Loading...
On Tuesday, Bank of America downgraded shares of Himax Technologies
HIMX
from Buy to Underperform and lowered the price target from $17.58 to $12.50. Analyst Daniel Heyler said progress on liquid crystal on silicon may not be fast enough; the slow progress means growth may not come until 2015 or 2016 rather than in the second half of 2014. The stock finished down 11.8 percent on Tuesday, and is down 15.6 percent on the week.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsTechBank of AmericaDaniel Heyler
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...