BMO Capital maintained an Outperform rating on Electronics for Imaging Inc. (NASDAQ: EFII), and raised the price target to $47.00 (from $45.00), following 2Q15 results. Analyst Keith Bachman said that management indicated the possibility that EFII will be able to achieve a $1B revenue target by FY16.

Bachman commented, "The focus of Monday’s earnings announcement was additional disclosure on the recently announced M&A deals for Reggiani and Matan. However, the newswas closer to an appetizer than an entrée. EFII is in the process of convertingover the financials to US GAAP and stopped short of providing a full revenueand margin run-rate for the businesses, indicating that further details wouldcome after the September Q. Within its September Q guidance, EFII indicatedthe deals would contribute ~$20 million in revenues and be breakeven in termsof profit. However, management indicated that the deals are enough to achievethe $1 billion revenue target and $2.45 to $2.60 in EPS in FY16. We assume the new companies will contribute ~$100 million in FY2016 revenues."

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Shares of Electronics for Imaging Inc. closed at $43.80 yesterday.