Stifel Nicolaus increases its price target from $7 to $8 on Buy-rated O2Micro International Limited OIIM as data points suggest nice rebound in business
Stifel Nicolaus notes, "Global display panel shipments for TVs, monitors, notebook PCs, netbooks, tablets are up month-over-month in February and March (after 2 consecutive
quarters of weakness from inventory corrections mixed with soft end demand). Channel inventory replenishment cycle appears to be underway with strong, post-Chinese New Year growth in panel shipments and signs of notebook demand stabilization/rebound in the months of February and March."
OIIM closed at $5.43 yesterday.
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