n ” (Reuters)-the LED suppliersUniversal display Corp (PANL.O) may get lower revenues than expected of the client key Samsung Electronics (), 005930. KS brokers say Ascot Ascot Canaccord Adams novices Genuity.
In the record which was released on Monday, analysts at Ascot Ascot Canaccord Adams novices Genuity said it now sees Samsung license opportunity for about $ 290 million to $ 300 million, until 2017, compared to the previous assumption of $ 350 million to $ 375 million.
Broker cut the price target on shares of Universal display for $ 35 from $ 40 but managed to “hold” rating.
“We have lowered the number of us to reflect lower rates implied royalties for Samsung and the rest of the industry as a result,” said a broker.