Morgan Keegan Believes H1:11 Will Be Choppy For FLIR.

In a report published by Morgan Keegan, it believe H1:11 will be choppy for FLIR.

Morgan Keegan reported that it particularly sees the potential for weakness in Q1:11, and has reduced its quarterly estimate by $0.01. “Despite these concerns we remain optimistic about the long term outlook for FLIR, and note that we still expect around 10% organic growth in 2011, and for the company to return to 15% topline and 20% bottom line growth on average going forward. We maintain our Outperform rating and $38 price target on shares of FLIR.”

FLIR Systems closed yesterday at $31.85.