UPDATE: Cantor Fitzgerald Reiterates Buy on Neonode

Cantor Fitzgerald reiterates a Buy rating Neonode

and a price target of $9. Cantor Fitzgerald notes, “We are are reiterating our BUY and $9 price target on NEON, following Samsung's patent-battle win against Apple in a Dutch Court. While this particular Samsung win does not relate to NEON's "Slide to Unlock" (S2U) patent, we believe it tangentially augments the strategic value of NEON's critical and foundational IP.” Neonode closed at $6.21 on Thursday.