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Fly News Breaks for January 8, 2018
FLIR
Jan 8, 2018 | 07:22 EDT
SunTrust analyst Michael Ciarmoli upgraded Flir Systems to Buy from Hold and raised his price target to $55 from $43 as part of his broader 2018 Aerospace & Defense Outlook research note. Ciarmoli cites the company's realigned segment structure under the new management team with a sharper focus on the larger government and industrial end-markets, forecasting outperformance driven by RAID order flow and new Department of Defense procurement initiatives.
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