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Himax Issues Strongly Worded Rebuke To Analyst After Downgrade

Himax Technologies (HIMX) responded to a downgrade of its stock by an analyst at Oppenheimer with a strongly worded reply, in which the company said it has not communicated with the analyst in months and questioned the timing of the report.

OPPENHEIMER DOWNGRADES: Oppenheimer analyst Andrew Uerkwitz downgraded Himax to Underperform, the firm's lowest rating, with a $4 price target, saying decreased smartphone expectations in China for 2017 will weigh on the company's near-term orders. He added while he expects many new phones to be released in the second half of this year, there will be a shift to 18:9 displays, an...