Research Alert: CFRA Maintains Hold Opinion On Shares Of Universal Display Corporation
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CFRA maintains a hold opinion on Universal Display Corporation, lowering its price target by $18 to $106 due to tariffs and memory supply issues affecting near-term visibility. The 2026 EPS estimate is reduced by $0.90 to $4.36, and the 2027 view is cut by $0.28 to $5.58. Q1 results showed a 14% sales decline, with challenges in consumer device volumes. Despite this, management's 2026 guidance was only reduced by 4%, indicating confidence in growth from upcoming OLED fab openings.
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