Benchmark Maintains Hold, $28 Target on FLIR Systems

Benchmark reiterates its Hold rating and $28 target price on FLIR Systems, Inc.

on budget and economic uncertainty. Benchmark comments, “We continue to like FLIR based on its global leadership in infrared for commercial and government applications, as well as its strong track record of double-digit growth over the last ten years. FLIR has a long-term target of 15% annual revenue and 20% annual EPS growth; consensus estimates currently reflect 7% top-line growth and 20% EPS growth, primarily driven by margin expansion from Raymarine and ICx.” FLIR closed Thursday's trading at $25.51 per share.