Universal Display price target lowered to $172 from $196 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Universal Display (OLED) to $172 from $196 and keeps a Buy rating on the shares ahead of its Q1 earnings. The firm sees the company’s near-term results to be relatively solid but with potential for some pull-in demand owing to tariff uncertainties, the analyst tells investors in a research note. Goldman adds however that the second-half visibility for Universal Display could be a bit more murky, updating estimates reflecting a weaker backdrop for key end markets like smartphones.