ARGUS Reiterates 'Buy' Rating on National Instruments (NATI), Raises Price Target
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ARGUS reiterates a 'Buy' rating on National Instruments Corp. (Nasdaq: NATI) and increases price target from $32 to $34.
ARGUS analyst says, "We think the company, which provides measurement and automation solutions for a variety of industries, is well-positioned to continue to increase international sales. We think the flexibility and customization of NATI's 'virtual instruments' - which combine the company's programmable software with various sensors and other hardware - will be increasingly favored over traditional hard-wired equipment. We also expect NATI's operating margins to expand over the next several years as the company benefits from sustained significant R&D efforts and a larger sales force."
National Instruments Corporation is a supplier of measurement and automation products that engineers and scientists use in a range of industries.[SM]
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