Universal Display GEARS UP for Partnership and 4 More Fresh Equity Insights
Exlservice Holdings, Inc. (NASDAQ:EXLS): Following ExlService’s 20% decline since the beginning of May, Oppenheimer continues to beliece that the company will gain the highest revenue growth this year in his industry. The firm maintains its Outperform ratng and $32 price target on the stock.
Universal Display Corp. (NASDAQ:PANL) is gaining share, according to Goldman’s OLED checks in Korea. According to the firm, Universal Display may be the only supplier of Samsung’s green emitters and host business, and the firm believes the company may enter into a partnership with a Korean manufacturer. The analysts also views litigation concerns as overdone and states that the chances for its materials patents to be invalidated in Korea are slim. The firm gives shares a Buy rating and a $61 price target.
Bed Bath & Beyond, Inc. (NASDAQ:BBBY) has had its price target lowered by Baird as a result of Q1 results. The firm mentioned the company’s reduced guidance, gross margin pressure, and decreasing operating results. Although the firm sees the company as a best-in-clas retailer, it reiterates its Neutral rating.
Micron Technology Inc. (NASDAQ:MU) fundamentals continously improve and the company is in the positioon to reap benefits from both secular growth trends in NAND flash as well as cosolidation within the DRMA industry. The firm reiterates its Outperform rating and it places $12 price target on the stock.
Red Hat, Inc. (NYSE:RHT): Because of strong billings growth, cash position, and a rise in the percentage of deals booked but not billed, Baird claims they would be buyers of Red Hat due to its weakness. The firm gives Red Hat and Outperform rating with a $60 price target.
Don’t Miss: BOOM! Apple’s iCloud Crashes.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.