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Downgrade Alert for LG Display (LPL)

By James Quinn

LG Display (NYSE:LPL) was downgraded from Buy to Hold at Deutsche Bank today. The stock closed yesterday at $12.98 on volume of 478,000 shares, below average daily volume of 528,000.

LG Display Company Ltd. develops and manufactures digital display products. The Company's products include thin film transistor-liquid crystal displays (TFT-LCD) for notebook and desktop computer monitors, TVs, and mobile phones. LG Display provides its products to overseas and domestic markets.

LG Display (NYSE:LPL) is currently priced 16.4% above its average consensus analyst price target of $10.85. The stock should discover initial support at its 50-day moving average (MA) of $10.80 and subsequent support at its 200-day MA of $10.00.

LG Display share prices have moved between a 52-week high of $14.36 and a 52-week low of $8.20 and closed yesterday at 58% above that low price at $12.98 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for LG Display and will alert subscribers who have LPL in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades lg display

Ticker(s): LPL