Australia's Electro Optic Systems falls; Bell Potter hikes PT on strong cash flow, contracts

Electro Optic Systems Holdings

04/08/2025 03:33

** Electro Optic Systems EOS.AX falls as much as 5.3% to A$2.870, lowest since July 11

** Tech systems exporter faces headwinds amid global market uncertainty sparked by weak U.S. jobs data, tariff jitters MKTS/GLOB

** Meanwhile, Bell Potter hikes PT to A$3.75 from A$3.10; retains "buy"

** Highlights co's strong operating cash flows; sees material contract awards in H2 CY25

** Stock rated "buy" on avg; median PT is A$2.75, per LSEG-compiled data

** YTD, EOS more than doubles to ~124%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((nichiket.sunil@thomsonreuters.com))