LG Display to invest $655M to manufacture OLED panels LG Display (LPL) is planning to invest 706B won, or $655M, to make next-generation OLED panels, Reuters reports. Mass production from its new production line will begin in the first half of next year. Reference Link
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Baytex Energy (BTE) downgraded to Sector Performer from Outperformer at CIBC... CarMax (KMX) downgraded to Perform from Outperform at Oppenheimer... Cytec Industries (CYT) downgraded to Hold from Buy at Jefferies... LG Display (LPL) downgraded to Underperform from Neutral at BofA/Merrill... Magna (MGA) downgraded to Sector Performer from Outperformer at CIBC... Norilsk Nickel (NILSY) downgraded to Neutral from Overweight at JPMorgan... Sherwin-Williams (SHW) downgraded to Neutral from Buy at Longbow... Volkswagen (VLKAY) downgraded to Hold from Buy at Deutsche Bank.
LG Display downgraded to Underperform from Neutral at BofA/Merrill BofA/Merrill downgraded LG Display to Underperform following checks that indicate weaker than normal trends in second half sales volumes and blended ASPs.