OSI Systems price target raised to $280 from $245 at Roth Capital

Roth Capital raised the firm’s price target on OSI Systems (OSIS) to $280 from $245 and keeps a Buy rating on the shares ahead of its Q1 results. The firm is looking for continued healthy growth in Security, supported by strong international demand to sustain record backlog and healthy bookings, the analyst tells investors in a research note. Roth adds that it anticipates cash flow will be of high interest given the significant build in working capital over the past 18 months.