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Target Price Of $37 For FLIR Systems

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SunTrust Robinson Humphrey reiterated its Buy recommendation for FLIR Systems (Nasdaq: FLIR) and set a 12 month price target of $37 for the company's shares.

The report cited announcements that Audi and Rolls Royce would begin using FLIR products in their cars' night driving systems.

FLIR also released its first product aimed at the consumer market. A $3,000 camera for hikers, hunters and campers. Although the high price will keep sales volume low, Argus noted that as prices come down more products targeting the consumer marker will be introduced.

FLIR also looks set to receive a substantial portion of a recent $486 million supplemental budget for Afghanistan operations.

Posted-In: FLIR Systems SunTrust Robinson HumphreyAnalyst Color Price Target Analyst Ratings

 

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