Uni-Pixel (UNXL) PT Cut to $1.50 at Cowen

Cowen analyst Robert Stone lowered his price target on Market Perform-rated Uni-Pixel (NASDAQ: UNXL) to $1.50 (from $4.00) following a wider-than-expected Q2 loss.

Stone commented, "Q2 loss from continuing operations was 49% wider than Street, on a 38% revenue shortfall and negative GM from underutilized overhead. Assets in the former Kodak J.V. were written off, so depreciation will be lower in H2. Diamond Guard has moved to pre-production trials, which along with touch sensor designs in qualification, may broaden the customer base and lift sales in H2."

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 $1.33 yesterday.

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