Benchmark Notes Good Visibility on Buy-rated OSI Systems (NASDAQ: OSIS)
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Price: $60.67 -8.55%
Rating Summary:
4 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Rating Summary:
4 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Trade OSIS Now!
Today analysts at Benchmark reiterated a Buy rating on OSI Systems (NASDAQ: OSIS) and raised their price target to $80.00.
“We continue to believe OSI has very good visibility and potential upside in FY13 from its strong backlog and pipeline,” said Josephine Millward. “Per our previous notes, we believe OSI is well positioned for multiple new security opportunities in the coming year.”
These opportunities include Foreign Military Sales to Iraq, The National Nuclear Security Administration’s Second Line of Defense, European and US checked baggage Explosive Detection Systems (EDS), and checkpoint upgrades with the recent EU certification for Liquid Explosive Detection Systems, notes the report.
Benchmark’s $80 price target on OSI Systems (NASDAQ: OSIS) assumes growth of 16% in Security, 6% in Healthcare, and 5% in Optoelectronics.
For an analyst ratings summary and ratings history on OSI Systems click here. For more ratings news on OSI Systems click here.
Shares of OSI Systems closed at $64.44 yesterday, with a 52 week range of $31.00-$68.00.
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“We continue to believe OSI has very good visibility and potential upside in FY13 from its strong backlog and pipeline,” said Josephine Millward. “Per our previous notes, we believe OSI is well positioned for multiple new security opportunities in the coming year.”
These opportunities include Foreign Military Sales to Iraq, The National Nuclear Security Administration’s Second Line of Defense, European and US checked baggage Explosive Detection Systems (EDS), and checkpoint upgrades with the recent EU certification for Liquid Explosive Detection Systems, notes the report.
Benchmark’s $80 price target on OSI Systems (NASDAQ: OSIS) assumes growth of 16% in Security, 6% in Healthcare, and 5% in Optoelectronics.
For an analyst ratings summary and ratings history on OSI Systems click here. For more ratings news on OSI Systems click here.
Shares of OSI Systems closed at $64.44 yesterday, with a 52 week range of $31.00-$68.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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