Kopin price target raised to $3 from $2.50 at Canaccord

Canaccord analyst George Gianarikas raised the firm’s price target on Kopin (KOPN) to $3 from $2.50 and keeps a Buy rating on the shares. The firm noted management announced a transformational strategic investment from Theon International; a global manufacturer of thermal imaging and night vision systems, with main facilities in Greece. They also announced a BlueRadios lawsuit update where they have to pay $19.7 million in damages but denying a permanent injunction and prejudgment interest which they view as positive.