Fly News Breaks for May 22, 2019
May 22, 2019 | 05:02 EDT
Imperial Capital analyst Jeff Kessler upgraded Flir Systems to Outperform from In-Line and raised his price target for the shares to $57 from $56. After attending recent conferences, the analyst believes prospects for Flir's safe cities and other civilian projects will improve starting in 2020. Any combination of new government project wins or higher-margin areas of Industrial or Commercial could drive revenue growth close to 5% and operating margins closer to 23%-plus, Kessler tells investors in a research note. He thinks Flir can efficiently manage its business and pay down debt with free cash flows.
News For FLIR From the Last 2 Days
Jul 15, 2019 | 08:05 EDT
FLIR Systems (FLIR) announced Sonia Galindo as Senior Vice President, General Counsel, Secretary, and Chief Ethics and Compliance Officer. Galindo "will assume a key role on the executive team" reporting to President and CEO Jim Cannon, providing leadership and management of all legal and compliance matters in support of the company's business objectives. Galindo will lead FLIR's global legal team and serve as the primary legal advisor to senior management and to its board. Galindo joins FLIR from Rosetta Stone (RST) where she served as General Counsel and Corporate Secretary since 2015.