UPDATE: Benchmark Maintains Buy Raises Target to $54 on OSI Systems

Benchmark reiterates its Buy rating on OSI Systems

and increases its price target to $54 on Security upside. Benchmark says, “Management remains positive on receiving TSA and EU certification for its Real Time Tomography (RTT) checked baggage inspection system. Although the incumbents for airport Explosive Detection Systems (

) are already TSA certificated and will likely receive orders first, we believe OSI has a good chance of participating in the replacement of over 2,000 EDS in the US.” OSIS closed at $45.08 per share on Tuesday.