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May 9, 2014
07:13 EDTOLEDUniversal Display reported strong Q1 results, says Oppenheimer
After Universal Display reported better than expected Q1 results and reiterated its guidance, Oppenheimer thinks the report should, for now, reduce fears about competition for green host materials and Samsung's commitment to OLED technology. The firm is "cautiously optimistic" about the company's outlook, but did cut its price target on the shares to $30 from $44 based on investors' concerns. The firm keeps an Outperform rating on the stock.
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