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Universal Display (PANL +4%), which has fallen sharply since late April, rallies after Goldman...
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Thursday, June 21, 2012, 11:39 AM ETUniversal Display (PANL +4%), which has fallen sharply since late April, rallies after Goldman reiterates a Buy and $61 PT. The firm says Korean checks indicate the company is increasing its OLED display materials share with top customer Samsung, and may announce a manufacturing tie-up with a local firm. Goldman thinks a higher materials share, together with the bigger OLED displays of recent Samsung phones, could increase PANL's revenue/device by 4x-5x. (previous)
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