Roth MKM raised the firm’s price target on OSI Systems to $165 from $152 and keeps a Buy rating on the shares. The analyst states that its thesis around significant orders in FY23 setting the stage for an inflection in the growth profile in FY24 is playing out. The firm also notes that it sees a sustained strong demand for cargo and vehicle inspection systems, with an improvement in aviation to provide a healthy demand environment for Security for years to come. Roth MKM adds that OSI’s execution on large orders validates the company’s Security product portfolio as “one of the most robust in the industry”.
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