Williams Financial Group Raises PT on Uni-Pixel (UNXL), Sees 60%+ Upside

April 17, 2013 8:35 AM EDT
Get Alerts UNXL Hot Sheet
Price: $1.38 -1.43%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Williams Financial Group raised its price target on Buy-rated Uni-Pixel (NASDAQ: UNXL) Wednesday from $40 to $60 following an update on the company's manufacturing partner and meetings with management.

"The last several days have been particularly busy for UNXL and its investors," analyst Cody Acree notes. "Not only did we finally get the ecosystem partnership announcement, a lot of noise surrounding a possible capital raise, but now we have Kodak named as the company's manufacturing partner, which should allow UNXL to scale much faster to substantial volumes. Additionally and somewhat more intangible, we believe UNXL, and its ecosystem partner, will have a much easier time convincing the industry’s largest OEMs to use UniBoss if it's built by a firm with the capacity and film/printing expertise of Kodak."

He continued, "There has been much market speculation over the past several months as to the implications of any one of these deals and whether these deals were likely interconnected. While all of these questions could not be completely answered, we do believe the firm was able to provide us with a good look at near-term capex and cash flow expectations, as well as when these agreements could begin generating meaningful revenue.

Additionally, we were fortunate enough to host UNXL's management for an investor conference call, Monday the 18th, where the firm discussed its ecosystem partner and gave some color on its likely capital need and production capacity targets."

For an analyst ratings summary and ratings history on Uni-Pixel click here. For more ratings news on Uni-Pixel click here.

Shares of Uni-Pixel closed at $37.27 yesterday.

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