eMagin initiated with a Buy at Ladenburg

Ladenburg initiated coverage of eMagin with a Buy rating and $3 price target. As "the sole domestic supplier and a worldwide leader" in organic light emitting diode, or OLED, microdisplays, eMagin has gained significant traction with the U.S. military, the analyst tells investors in a research note. eMagin is seeing steady top line gains, mainly from the defense market, but the VR market represents the biggest opportunity for the company, the analyst added.