Market Overview

Flir Systems Has Growth Opportunities In Data, Drones, Autonomous Vehicles, Says William Blair

Share:
Flir Systems Has Growth Opportunities In Data, Drones, Autonomous Vehicles, Says William Blair
Related FLIR
64 Biggest Movers From Yesterday
55 Stocks Moving In Tuesday's Mid-Day Session
Short Setups If Yesterday Was A Dead-Cat Bounce (TalkMarkets)

Thermal imaging company FLIR Systems, Inc. (NASDAQ: FLIR), which reported better-than-expected second-quarter earnings July 25, caught an upgrade Monday from William Blair.  

The Analyst

William Blair's Louie DiPalma upgraded Flir Systems from Market Perform to Outperform.

The Thesis

DiPalma said he sees growth opportunities for Flir Systems. 

In the near-term, sales should be positively affected by a strong economy and enhanced product capability, the analyst said.

The Point Grey acquisition turned Flir into a data analytics company, which should make its sensors more attractive to customers, DiPalma said. In the long run, thermal sensors will become common in autonomous vehicles, and Flir's sensors are superior to those made by major original equipment manufacturers, he said. 

Nano drones have a significant opportunity to penetrate the Big Army and come into widespread use in the next five years, as the Department Of Defense is increasing its spending on drones by around 30 percent annually, DiPalma said. 

The analyst said he expects Flir's multiple to expand on its growth opportunities as Wall Street starts to value it as a technology company. The major risk is the long-term nature of its catalysts, as it may take years for the positive scenario to play out, DiPalma said. 

The Price Action

Flir Systems shares were trading up by 2.16 percent to $61.47 at the time of publication Monday. 

Related Articles:

50 Biggest Movers From Yesterday

Benzinga's Top Upgrades, Downgrades For May 7, 2018

Photo by Lcamtuf/Wikimedia. 

Latest Ratings for FLIR

DateFirmActionFromTo
Aug 2018William BlairUpgradesMarket PerformOutperform
May 2018Drexel HamiltonDowngradesBuyHold
Mar 2018Imperial CapitalMaintainsIn-LineIn-Line

View More Analyst Ratings for FLIR
View the Latest Analyst Ratings

Posted-In: Louie DiPalma William BlairAnalyst Color Upgrades Analyst Ratings Best of Benzinga

 

Related Articles (FLIR)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
ALRMImperial CapitalUpgrades58.0
ANDXSunTrust Robinson HumphreyDowngrades41.0
CMANomuraDowngrades86.0
CSLLongbow ResearchUpgrades122.0
HBANNomuraDowngrades15.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Q2 Earnings Preview For J.Jill

Q4 Earnings Preview For Tuesday Morning