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Brokers Issue New Targets On Universal Display Corp. (PANL)

25 January 2017

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Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Universal Display Corporation was Upgraded by Gabelli & Co on Nov 4, 2016 to Buy, Price Target of the shares are set at $68.Universal Display Corporation was Reiterated by Canaccord Genuity on Nov 4, 2016 to Hold, Lowers Price Target to $ 49 from a previous price target of $51.

The stock's 50 day moving average is 3.14 and its 200 day moving average is 2.70. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of low power and eco-friendly displays and white lighting. The company's stock had a trading volume of 107,535 shares. (PANL) was down -3.07% during the last trading session, with a day high of 3.30. The Market Capitalization of the company stands at 2.91 Billion. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation's current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.04) by $0.01. The firm earned $30.20 million during the quarter, compared to analyst estimates of $32.95 million. The company had Year Ago Sales of 62.31 Million. Analyst had a consensus of $-0.01. Universal Display Corporation's quarterly revenue was down 23.4% compared to the same quarter past year.

Universal Corporation is a leaf tobacco supplier. The stock was sold at an average price of $60.05, for a total value of $635,569.20.

Universal Display Corporation and the Universal Display logo are trademarks or registered trademarks of Universal Display Corporation. The Company is a provider of seaborne drybulk transportation services. Finally, Concourse Capital Management LLC acquired a new position in shares of Universal Display Corporation during the second quarter valued at $818,000. The Company's flat panel displays are used for various portable consumer electronics products, such as mobile phones, wearables, portable media devices, digital cameras, tablets and notebook computers.