Goldman Sachs Starts FLIR Systems (FLIR) with a Neutral

February 25, 2010 7:18 AM EST
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Price: $30.63 +2.07%

Rating Summary:
    8 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 40
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Goldman Sachs initiates coverage on FLIR Systems (Nasdaq: FLIR) with a Neutral rating and $30 price target. The firm called FLIR a great company with an end-market problem.

The firm is cautious because over half of its current revenue and roughly three-fourths of its current operating income are derived from Government Systems.

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