Market News / Story
Why Universal Display (OLED) Shares Are Trading Lower Today
Stock Story ·
Stock Story reports: What Happened? Shares of OLED provider Universal Display fell 5.1% in the morning session after Citi analyst Atif Malik downgraded the stock to Sell from Neutral and lowered the firm's price target to $71 from $85, TipRanks reported. The investment firm highlighted cooling earnings estimates and anticipated softness in the smartphone market in the following year as primary catalysts for the rating reduction. Sell ratings from major Wall Street institutions are…