Himax Technologies downgraded from Overweight at Morgan Stanley

• To Equal Weight ahead of Himax Technologies' (HIMX +1.2%) forthcoming (Thursday) Q3 report.
• Analyst Charlie Chan reduces price target from $10.80 to $8.10 (current price $7.82), Q3 GAAP EPS estimate from $0.79 to $0.76 and forecasts 10% sequential decline in revenue for Q4. Worse-than-expected growth in AMOLED and augmented reality smart glasses is cited.
• Himax Technologies' shares have fallen 3.35% intraday since 1PM ET, though remain overall positive by 1.1% on the session.