Wunderlich Securities Adjusts Model For Kopin

In a report published Thursday, Wunderlich Securities analyst Matthew S. Robison reiterated a Hold rating and $4.50 price target on

. In the report, Wunderlich Securities noted, “We are adjusting our model to reflect the positive revenue update Kopin (KOPN) provided yesterday. Big money is not always smart money, and the significance of the Intel (INTC–NR) investment in Vusix (VUZI–NR) will remain unclear until market development initiatives play out or at least become visible. Of greater potential interest is the emergence of fashion-savvy interests to potentially evolve wearable computing to products that will be accepted by consumers. We believe Kopin is gearing up for production that could materialize during 1H15, possibly as early as the current quarter. This puts a positive bias on our unchanged 2015 sales estimates. Our Hold rating and $4.50 price target remain unchanged as we search for more signs of end-market viability for wearable computing products.” Kopin closed on Wednesday at $3.74.