Collins Stewart Upgrades Applied Signal Tech. (APSG) to Buy
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Collins Stewart upgrades Applied Signal Tech. (Nasdaq: APSG) to Buy. Price target $30.
Collins analyst says, "Applied Signal is one of the few pure-play ISR (Intelligence, Surveillance, Reconnaissance) vendors, a market we believe is set to benefit from increased troop deployments in Afghanistan as well as the long-term trend to push intelligence assets to the outer edges of the network. Our $30 price target assumes an EV/EBITDA multiple of 9.6x, slightly greater than the historical ratio and about in line with other companies serving the ISR space."
To see more analyst ratings on APSG Click Here.
Applied Signal Technology, Inc. provides intelligence, surveillance, and reconnaissance solutions for the defense, intelligence, and homeland security markets.
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