Janney Montgomery Scott Upgrades MTS Systems (MTSC) to Buy; Reports Strong Results, Stock Price Very Attractive

Janney Montgomery Scott upgraded MTS Systems (NASDAQ: MTSC) to Buy. PT increased from $46 to $50.

JMS analyst says, "MTS was well positioned for a global economic recovery and has rebounded strongly from the recession. The company's global footprint positions it to capture opportunities in emerging markets, which are expected to grow faster than developed economies. In addition, there is renewed demand for test products with increased automotive R&D investment in both Europe and the U.S. Additional niche applications to help the company reduce its reliance on ground vehicles are being developed in both test and sensors."

For more ratings news on MTS Systems click here and for the rating history of MTS Systems click here.

Shares of MTS Systems closed at $41.31 yesterday.

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