More on Universal Display (PANL -9%): While Goldman is praising the company today, Canaccord is...
Monday, September 24, 2012, 1:59 PM ETMore on Universal Display (PANL -9%): While Goldman is praising the company today, Canaccord is reiterating a Hold and providing a list of concerns. Among them: 1) The firm thinks PANL's 2012 sales of green OLED materials to Samsung will be $5M-$10M less than the Street expects. 2) It thinks OLED TVs will remain a high-end niche in 2013, and face a "difficult path to cost parity" with LCDs. 3) Checks indicate Samsung is interested in using local suppliers for green material manufacturing.
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