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Fly News Breaks for January 11, 2019
NSSC
Jan 11, 2019 | 09:09 EDT
William Blair analyst Matthew Pfau started Napco Security Technologies with an Outperform rating. Mid- to high-single-digit revenue growth plus material margin expansion should drive 25%-plus earnings growth over the next four years, Pfau tells investors in a research note. Shares trade at 24 times the analyst's 2019 earnings estimate, and he believes there could be upside to this multiple.