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Fly News Breaks for January 18, 2017
UNXL
Jan 18, 2017 | 15:34 EDT
Roth Capital analyst Brian Alger sees Uni-Pixel's announced Memorandum of Understanding with General Interface Solution, a Foxconn subsidiary, as "very strategic." Although a definitive agreement with GIS has not been reached, the analyst believes the level of engagement and involvement to date indicates a final agreement will be reached "relatively soon." Moreover, with the $3M from financing, Alger thinks immediate liquidity concerns have largely been addressed. He reiterates a Buy rating and $3 price target on Uni-Pixel's shares as he continues to see "tremendous potential" for growth exiting 2017 and into 2018.
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