BofA analyst Mariana Perez Mora initiated coverage of OSI Systems with a Buy rating and $175 price target. The firm views OSI as a beneficiary of the rapidly expanding cargo and transport security sector, arguing that the company has “a stronghold in that market that is only likely to strengthen as the federal government ramps up border security spending.” OSI’s turnkey security-as-a-service offerings and expertise provide OSI strong recurring revenue and high margin work, the analyst tells investors.
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