UPDATE: Benchmark Lowers FLIR Systems' PT

In a recent research report, Benchmark has lowered FLIR System's (NASDAQ: FLIR) PT to $25.

In the report, Benchmark explained, “FLIR reported a mixed Q4. Revenue and EPS from continuing operations were $405 million and $0.49 vs. consensus of $436 million and $0.45. The miss was primarily due to weaker Commercial, though Government was also lower than our estimate.”

Benchmark maintains its Hold rating on FLIR Systems, which closed Friday at $24.90.