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Fly News Breaks for May 7, 2019
NSSC
May 7, 2019 | 07:51 EDT
Canaccord analyst T. Michael Walkley raised his price target for Napco Security to $32 from $24 and maintained a Buy rating after the company reported a "strong" Q3, marking the 19th consecutive quarter of year-over-year record sales. Management continues to execute on its strategy of targeting professional installs and commercial end-markets, Walkley tells investors in a research note, and says he believes product releases including the dual path fire radio, CA4K access control system, StarLink Connect radio, and the new iBridge video doorbell, FireLink control panel, and iSecure cellular alarm systems that won an MVP award at ISC West, should drive continued strong recurring revenue growth.
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