LightPath initiated with a Buy at Canaccord amid drone supply chain inroads

As previously reported, Canaccord initiated coverage of LightPath (LPTH) with a Buy rating and $15 price target Global manufacturers are actively seeking a high-performance Germanium alternative, which has generated substantial tailwinds for LightPath, which is actively replacing its Ge infrared optics with its new BlackDiamond chalcogenide glass material, the analyst tells investors. Amid U.S. strategic and regulatory disruption for existing drone production, LightPath has made extensive inroads into the U.S. drone supply chain, the analyst added.