VOXX International up as brokerage starts coverage with 'buy' on growth prospects

VOXX International

30/06/2021 14:02

** Shares of electronic company  VOXX.O  up 3.1% at $14.1
premarket 
    ** D.A. Davidson starts coverage on VOXX with "buy" rating
and PT of $21, implying an upside of ~54% from stock's last
close
    ** Brokerage considers VOXX among the most durable consumer
electronics cos, offering a diverse set of products spanning
automotive, biometrics and premium audio
    ** Believe in management's ability to change the portfolio
over time to exploit near- and long-term trends - D.A. Davidson
e
    ** Brokerage expects co to grow its revenue at a 6.6%
compound annual growth rate between FY21 and FY24
    ** Up to Tuesday's close, stock had risen 7.2% YTD

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))