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Fly News Breaks for June 23, 2015
DGLY
Jun 23, 2015 | 12:41 EDT
Rodman & Renshaw analyst Amit Dayal reiterates a Buy rating on Digital Ally after the New York Police Department initiated solicitation for bids to expand its body worn camera pilot to 5,000 units. Dayal thinks future bids for body camera systems may include compatibility requirements with in-car surveillance systems. He views Digital Ally as one of the best-positioned companies to offer police departments a combined offering of in-car surveillance systems and body worn cameras. He likes the stock as legislators shift spending priorities away from militarization of the police to increasing transparency. Dayal has a $24 price target for Digital Ally shares. Rodman & Renshaw is now a unit of H.C. Wainwright.
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