Analysts at Chardan Capital Markets have downgraded their coverage of Himax Technologies, Inc. (HIMX) to a sell rating from neutral.
The firm set its price target on the stock at $6 per ADR, which is 22% below its current trading price.
In the pre-market session, ADRs of HIMX are down 2% at $7.57, and move within a 52-week frame of $4.76 – $16.15.
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