SunTrust notes they recently reviewed a June 2006 presentation made by the Joint Non-Lethal Weapons (NLW) Directorate regarding the investment plan for non-lethal weapons and capabilities for fiscal years 2007 through 2013. In this presentation, the firm identified at least $120 million in funding for programs with direct lines to Ionatron (NASDAQ:IOTN)'s products (this does not necessarily mean that IOTN will receive all $120 million), and for the first time in an unclassified, official DoD presentation, the terms Laser Guided Energy and Laser Induced Plasma were explicitly mentioned as possible solutions.
While the firm still expects IOTN to remain an R&D company for the next couple of years, incremental data points such as those seen in this presentation could build significant support for the stock.
Reits Buy and $13 tgt.
Notablecalls: Expect IOTN to see significant buy interest today. Would not chase it above $7 level, though.
While the firm still expects IOTN to remain an R&D company for the next couple of years, incremental data points such as those seen in this presentation could build significant support for the stock.
Reits Buy and $13 tgt.
Notablecalls: Expect IOTN to see significant buy interest today. Would not chase it above $7 level, though.
No comments:
Post a Comment