Himax spikes on BofA/Merrill PT hike

|About: Himax Technologies, Inc. (HIMX)|By:, SA News Editor

BofA/Merrill has raised its Himax (HIMX +3.6%) PT to a Street high of $17.50, and deems the progress the company has made with its LCOS microdisplay business "highly encouraging."

Himax has shot higher after spending much of the day in negative territory. Shares rallied to new highs three weeks after Google began offering the $1,500 explorer edition of Google Glass to All Access music subs. A full commercial launch is expected soon.