OSI Systems price target raised to $180 from $165 at B. Riley

B. Riley analyst Josh Nichols raised the firm’s price target on OSI Systems to $180 from $165 and keeps a Buy rating on the shares. OSI Systems closed out fiscal 2024 with record sales and EPS as backlog held near record levels, the analyst tells investors in a research note. The firm believes OSI is well-positioned to deliver a strong FY25 with a robust pipeline of opportunities and has increased conviction of the company’s security market leadership positions, particularly in border and airport security cargo.