Credit Suisse Upgrades AU Optronics (AUO) to Outperform
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Price: $2.46 --0%
Rating Summary:
4 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 6 | New: 25
Rating Summary:
4 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 6 | New: 25
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Credit Suisse upgraded AU Optronics (NYSE: AUO) from Neutral to Outperform with a NT$33 price target.
The firm also upgraded Taiwanese panel rival Chimei Innolux (CMI) from Neutral to Outperform.
The firm stated, "Both AUO and CMI have significantly underperformed the TAIEX by 12% and 17%, respectively, in the past three months. With valuation at historical lows (ex. crisis), we think majority of the risks have been discounted."
For more ratings news on AU Optronics click here and for the rating history of AU Optronics click here.
Shares of AU Optronics closed at $9.16 yesterday.
The firm also upgraded Taiwanese panel rival Chimei Innolux (CMI) from Neutral to Outperform.
The firm stated, "Both AUO and CMI have significantly underperformed the TAIEX by 12% and 17%, respectively, in the past three months. With valuation at historical lows (ex. crisis), we think majority of the risks have been discounted."
For more ratings news on AU Optronics click here and for the rating history of AU Optronics click here.
Shares of AU Optronics closed at $9.16 yesterday.
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