LG Display (NYSE:LPL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $15.00 price objective on the electronics maker’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 8.77% from the company’s current price.
According to Zacks, “LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea. “
A number of other research analysts have also issued reports on LPL. Cowen set a $16.00 target price on LG Display and gave the company a “buy” rating in a report on Monday, October 23rd. Nomura reiterated a “neutral” rating on shares of LG Display in a report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. LG Display currently has an average rating of “Hold” and an average price target of $15.50.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its holdings in LG Display by 13.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock worth $120,000 after buying an additional 857 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in LG Display during the 2nd quarter worth about $168,000. Quantitative Systematic Strategies LLC purchased a new stake in LG Display during the 3rd quarter worth about $175,000. Citadel Advisors LLC purchased a new stake in LG Display during the 2nd quarter worth about $241,000. Finally, Ameriprise Financial Inc. lifted its holdings in LG Display by 39.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 15,293 shares of the electronics maker’s stock worth $246,000 after buying an additional 4,325 shares during the last quarter. 4.04% of the stock is owned by institutional investors.
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About LG Display
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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