DA Davidson initiated coverage of Napco Security with a Buy rating and $52 price target. The company manufactures and markets an “innovative, broad portfolio” of access control, intrusion, and fire alarm systems and door locking hardware, the analyst tells investors in a research note. The firm says Napco has a “powerful recurring revenue flywheel” that was set in motion via its cellular connectivity radios. It calls Napco the most profitable industrial tech name within its coverage universe.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSSC:
- Napco Security management to meet virtually with Craig-Hallum
- Napco Security management to meet virtually with Maxim
- Napco Security 2M share Spot Secondary priced at $40.75
- Napco Security announces offering of 2.3M shares of common stock for holders
- Napco Security files to sell 2.3M shares of common stock for holders
