UPDATE: Benchmark Raises Target to $66 on OSI Systems

Benchmark reiterates its Buy rating on OSI Systems

and raises its price target to $66 on security and healthcare upside in 2012 and 2013. Benchmark notes, "OSI reported a strong Q2 and raised FY12 guidance, as we expected. Q2 revenue and EPS were $188 million and $0.61 vs. consensus estimates of $186 million and $0.59. Security was up 16%, Healthcare up 6% and Optoelectronics grew 8% from last year. Operating margin was 9.5% vs. our estimate of 9% driven by strength in Healthcare." OSIS closed at $54.39 a share yesterday.