Gabelli Maintains Buy on Universal Display (PANL)

Gabelli is out with its report today on Universal Display PANL, maintaining Buy. In a note to clients, Gabelli writes, "Universal Display, headquartered in Ewing, New Jersey, owns several patents for organic LEDs and produces the phosphorescent materials used in production of advanced OLED displays. Universal Display is the gatekeeper for the OLED market, and we expect nearly all OLED manufacturers will license its patents and purchase its materials for production. We recommend purchase." At the time of posting, shares of PANL were trading pre-market at $53.11, up 1.43% from Monday's close.