Citigroup Downgrades Universal Display to Neutral, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has downgraded Universal Display (NASDAQ:OLED) from Buy to Neutral while increasing the price target from $161 to $180. This reflects a more cautious stance on the stock despite the raised price target.

January 19, 2024 | 11:01 am
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NEUTRAL IMPACT
Universal Display was downgraded by Citigroup from Buy to Neutral, but the price target was raised from $161 to $180.
The downgrade to Neutral suggests a more cautious view on the stock's future performance, which could temper investor enthusiasm. However, the increase in the price target indicates a belief that the stock still has potential to grow, albeit at a potentially slower pace. The mixed message may lead to neutral short-term price movement as the market digests both pieces of information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100