Market Overview

Universal Display Shares Fail to Bounce Despite Positive Mid-Day Note from Goldman

Related PANL
40 Biggest Movers From Yesterday
22 Stocks Moving In Tuesday's Pre-Market Session

Goldman Sach's Brian Lee on Universal Display (NASDAQ: PANL) said the timing for Galaxy S IV launch is in opposition to what Piper Jaffray's Jagadish Iyer said in a note from Monday morning.

Shares of Universal Display have been down around 10 percent throughout Monday's session as the Piper analyst said Samsung will use a second vendor besides Universal Display.

From the Goldman Sachs note:

"This timing for the Galaxy S IV launch is in stark contrast to a negative competitor report out this morning which appears to inaccurately suggest that SEC will delay the product's launch due to power issues."

Goldman cited a Reuters report suggesting Samsung Electronics will be unveiling the new phone at its "Unpacked" event at Radio City Music Hall on March 14th.

Goldman Sachs' Brian Lee maintains a Buy rating and $41 price target on shares of Universal Display.

Latest Ratings for PANL

Oct 2017FearnleysInitiates Coverage OnBuy
Apr 2013Canaccord GenuityMaintainsHold
Apr 2013OppenheimerUpgradesMarket PerformOutperform

View More Analyst Ratings for PANL
View the Latest Analyst Ratings

Posted-In: Analyst Color News Rumors Analyst Ratings Movers


Related Articles (PANL)

View Comments and Join the Discussion!