Wedbush Raises Kopin (KOPN) Price Target to $5; Maintains Outperform
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Wedbush Morgan raises its price target on Kopin Corp. (Nasdaq: KOPN) from $4.25 to $5. The firm maintains its Outperform rating.
The firm sees increased visibility moving forward given new scopes and goggles and design wins for its HBT transistor wafers. Wedbush points at Raytheon's (NYSE: RTN) recent shift to thermal weapons sights, a development which should bring more sales to Kopin via high unit prices, although margins will indeed be thinner.
Kopin Corporation designs, manufactures, and markets III-V products and miniature flat panel displays.
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