WEDC’s Revenue Stream To Grow Significantly In 2010
Analysts at Hilliard Lyons maintain their "long term buy" rating on White Electronic Designs Corp (NASDAQ: WEDC)(FREE stock trend analysis). The target price for WEDC has been raised from $6.00 to $6.50.
White Electronic Designs has reported weak results for F4Q09 and offered a lackluster outlook. The weak results could be due to a delay in new programs, according to Hilliard Lyons. The delays are likely to be resolved in FY10. WEDC’s several new programs would start production during 2010.
The analysts expect White Electronic Designs to use its excess cash for acquisitions during 2010. WEDC is likely to acquire additional technology/products, such as radio frequency, to strengthen its development of smart munitions. The company’s cash position continues to improve, the analysts add.
