Napco Security price target raised to $54 from $46 at Lake Street

Lake Street raised the firm’s price target on Napco Security to $54 from $46 and keeps a Buy rating on the shares following a “beat across the board” as Napco reported revenue, AEBITDA, and EPS above estimates. The firm, which thinks “the print leaves little to complain about,” believes investors do not fully appreciate how the continued growth of service revenue is set to drive meaningful cash flow and EPS growth this year and next.