UPDATE: Stifel Nicolaus Raises PT to $8 on O2Micro International Limited

Stifel Nicolaus increases its price target from $7 to $8 on Buy-rated O2Micro International Limited

as data points suggest nice rebound in business Stifel Nicolaus notes, "Global display panel shipments for TVs, monitors, notebook PCs, netbooks, tablets are up month-over-month in February and March (after 2 consecutive quarters of weakness from inventory corrections mixed with soft end demand). Channel inventory replenishment cycle appears to be underway with strong, post-Chinese New Year growth in panel shipments and signs of notebook demand stabilization/rebound in the months of February and March." OIIM closed at $5.43 yesterday.