Morgan Stanley Downgrades Himax Tech (HIMX) from Overweight to Equal Weight

Himax Technologies Inc. (NASDAQ:HIMX) is one of the hidden AI stocks under $10 to buy. On February 4, Morgan Stanley downgraded Himax from Overweight to Equal Weight while maintaining an $8 price target. This decision was announced amid multiple challenges for display driver integrated circuit vendors. Morgan Stanley anticipates that softened demand in the computer, smartphone, and automotive sectors, combined with gross margin pressure and a deficiency of new growth drivers, will hinder performance. Fur ...