UPDATE: Morgan Keegan Raises PT to $69 on OSI Systems
Morgan Keegan raises its price target on Outperform-rated OSI Systems (NASDAQ: OSIS) to $69 from $61 as the cmpany's Mexico contract expanded to $900 million.
Morgan Keegan says, "OSI announced that its Mexican security screening contract had been expanded in scope from $400 million to $900 million. We previously estimated that the $400 million could add $0.55 - $0.65 in annual EPS; we now see total potential incremental annual EPS of $1.24 - $1.46. We are holding off making estimate changes until we have greater timing clarity."
OSIS closed at $53.58 a share on Friday.
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