Lake Street Capital has upgraded Himax (NASDAQ:HIMX) to Buy, and set a $7.50 target. The firm cites optimism about Himax's core LCD driver IC ops, and the potential for new LCoS microdisplay design wins.
The upgrade comes ahead of Himax's Thursday Q2 report. Following a rough first half of 2014, shares go for 1.1x 2014E sales.
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