DA Davidson analyst Matt Summerville lowered the firm’s price target on Napco Security (NSSC) to $32 from $48 and keeps a Buy rating on the shares after its Q2 results. The firm is reducing its FY25/FY26 estimates, reflecting continued uneven purchasing patterns by key distribution partners while also tempering its view on Equipment volumes and the associated RSR ramp, the analyst tells investors in a research note. Tariffs uniquely position Napco to potentially gain share however given that it manufactures over 90% of its products and systems in a single manufacturing facility located in the Dominican Republic, the firm added.
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Read More on NSSC:
- NAPCO Security’s Earnings Call: Mixed Results and Optimistic Outlook
- Craig-Hallum cuts Napco Security to Hold after ‘incredibly disappointing’ Q2
- Napco Security price target lowered to $30 from $41 at Lake Street
- Napco Security downgraded to Hold from Buy at Craig-Hallum
- TD downgrades Napco Security on equipment negative surprise
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