Needham analyst James Ricchiuti lowered his price target on Flir Systems to $60 from $62 to reflect the weaker than expected organic revenue growth of 3% reported in Q3. The analyst also keeps his Buy rating on the shares and recommends that investors take advantage of the 25% pullback in the stock price, citing the management's efforts to drive margins higher while pursuing new growth opportunities. Ricchiuti further points to the positives of Q3 that included better than expected operating margins and the highest operating cash flow for the quarter in 5 years.