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Fly News Breaks for June 24, 2016
ASEI, OSIS
Jun 24, 2016 | 08:47 EDT
Roth Capital analyst Jeff Martin believes OSI Systems' (OSIS) pending acquisition of American Science & Engineering (ASEI) brings scale with margin and earnings accretion given "significant" cost synergies. The analyst expects AS&E's product portfolio to enhance OSI Systems' position in the cargo and vehicle inspection market. Martin reiterates a Buy rating and $57 price target on OSI Systems' shares.
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