- BofA analyst Dah-Yeon Rhee initiated coverage of Universal Display Corp (NASDAQ:OLED) with a Buy rating and $230 price target, implying 29% potential upside.
- Universal Display is a “leader” in R&D and commercialization of OLED materials, holding over 5,000 patents worldwide in the space, Rhee notes.
- The company has a “near-monopoly” in phosphorescent dopants, or PHOLEDS, for red and green and other materials in the emitting layer of OLED panels added the analyst, who thinks the company’s “industry-best” margin profile “looks sustainable.”
- Price Action: OLED shares traded higher by 1.00% at $178.57 on the last check Monday.
US Stocks Mostly Lower; Nasdaq Drops Over 100 Points
U.S. stocks traded mostly lower this morning, with the Nasdaq Composite dropping more than 100 points on Monday.
