Wells Fargo starts OSI Systems with 'overweight'

OSI Systems

18/09/2024 14:21

** Wells Fargo initiates coverage on designer and
manufacturer of security systems OSI Systems  OSIS.O  with an
"overweight" rating
    ** Brokerage expects OSIS' growth to be driven by increasing
demand for security products
    ** Expects the company's aviation security business to grow
as the air traffic cycle continues to recover post COVID
    ** OSIS has much greater exposure in the security market
with ports, borders and public venues in comparison to its
competitors - Wells Fargo
    ** All 5 analysts rate the stock "buy" or higher; their
median PT is $178- LSEG data  
    ** As of last close, stock up nearly 12% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.Srivastava2@thomsonreuters.com;))