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BUZZ-Wells Fargo starts OSI Systems with 'overweight'

Reuters · 1d ago

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BUZZ-Wells Fargo starts OSI Systems with 'overweight'

** Wells Fargo initiates coverage on designer and manufacturer of security systems OSI Systems OSIS.O with an "overweight" rating

** Brokerage expects OSIS' growth to be driven by increasing demand for security products

** Expects the company's aviation security business to grow as the air traffic cycle continues to recover post COVID

** OSIS has much greater exposure in the security market with ports, borders and public venues in comparison to its competitors - Wells Fargo

** All 5 analysts rate the stock "buy" or higher; their median PT is $178- LSEG data

** As of last close, stock up nearly 12% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.Srivastava2@thomsonreuters.com;))

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