Market Overview

UPDATE: Oppenheimer Upgrades OSI Systems to Outperform on Valuation

Related OSIS
Here's What's Coming Up On PreMarket Prep For December 7
ICYMI: Short Seller Slams OSI Systems, Sell-Side Makes Some Notable Calls
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of OSI Systems, Inc. ... (GuruFocus)

Oppenheimer raised its rating on OSI Systems (NASDAQ: OSIS) from Perform to Outperform with a $72 price target.

Oppenheimer noted, "When we initiated coverage of OSI in Sept. (on 9/4 at $74.10), we highlighted its impressive roster of growth opportunities. The one factor giving us pause was OSI's lofty valuation, an impediment that receded with yesterday's sell-off. As for the catalyst behind OSI's retrenchment, we think it's exceedingly overdone: a case of a fairly ordinary kerfuffle between OSI and TSA getting recast as a federal offense by a House subcommittee apparently intent on elevating TSA's minute operational issues into national news. We're growing convinced this is a tempest in a teapot, and that the issues between OSI and TSA will be resolved without a material impact to business fundamentals."

OSI Systems closed at $54.89 on Thursday.

Latest Ratings for OSIS

Aug 2017B. RileyMaintainsBuy
Aug 2017JefferiesMaintainsBuy
Apr 2017JefferiesInitiates Coverage OnBuy

View More Analyst Ratings for OSIS
View the Latest Analyst Ratings

Posted-In: OppenheimerAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings


Related Articles (OSIS)

View Comments and Join the Discussion!