[High-tech LED News] It is reported that foreign-funded securities firm Goldman Sachs raised the target price of crystal power from 81 yuan to 82 yuan; Merrill Lynch upgraded crystal power from 64 yuan to 69 yuan; Morgan Stanley Securities also reiterated that crystal power " Buy" rating, target price of 67 yuan.
Goldman Sachs said that under the high-end LED TV product shipments, Q4 capacity utilization is expected to increase from 60-70% in the previous quarter to 70-80%. Goldman Sachs is optimistic about LED lighting and LED backlight demand recovery in the second half of next year. Jingdian is a leading LED industry and its gross margin is better than other manufacturers.
Merrill Lynch said that the negative news of Jingdian has been roughly reflected in the stock price, and the current stock price is a good entry point.
Morgan Stanley Securities said that the US Department of Energy plans to reduce the cost of LED components by half in 2020. After the specifications are unified, it is expected to drive LED lighting demand.
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