Bank of America Downgrades Himax Technologies To Underperform

Analysts at Bank of America downgraded

from Buy to Underperform. The price target for Himax Technologies has been lowered from $11.45 to $7.00. Himax Technologies shares have dropped 54.98% over the past 52 weeks, while the S&P 500 index has surged 11.47% in the same period. Himax Technologies' shares fell 0.45% to $6.71 in pre-market trading.