real-time news and commentary for investors
Tuesday, Aug 27
UniPixel +5.3% premarket on bullish Cowen note
- Cowen, which is reiterating an Outperform and $46 PT (over 2.5x UniPixel's (UNXL) current price), says talks with touch sensor manufacturing partner Kodak lead it to believe the company is on track to produce 1M sensors/month by year's end.
- More from Cowen: "Kodak is investing significant capital and staff, and contributing technology expertise and enhancements."
- UniPixel shares jumped after the company announced a deal with Kodak in April, through which the companies promised to invest $24M in 2013 in creating a 100K sq. foot manufacturing/testing facility. Kodak's restructuring plan was approved by a court last week.