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Benchmark Maintains Hold on FLIR Systems

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Benchmark is out with its report today on FLIR Systems (NASDAQ: FLIR), maintaining Hold.

In a note to clients, Benchmark writes, "FLIR needs a strong Government ramp in 2H to meet its full-year guidance; we maintain our HOLD. We lower our Q2 sales and EPS estimates to $411 million and $0.39 from $430 million and $0.42 to adjust for weaker Government in Q2, but we maintain our full-year estimates. We note that FLIR's commercial business has to grow 20%+ and Government has to grow high single-digits in 2H for the company to meet its full-year outlook."

Benchmark has a $28 PT on FLIR.

Shares of FLIR closed Thursday at $34.68, up 2% from Wednesday's close.

Posted-In: Benchmark FLIR SystemsAnalyst Color Analyst Ratings

 

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