UPDATE: Wedbush Raises PT on Universal Display Corporation Ahead of 4Q12 Results on Wednesday

In a report published Monday, Wedbush reiterated its Neutral rating on Universal Display Corporation (NASDAQ: PANL ), and raised its price target from $20.00 to $28.00. Wedbush noted, “We believe UDC's 4Q12 chemicals revenue can help provide more clarity around 3Q12 volatility in chemicals demand from Samsung, as this may