TD Cowen analyst Lance Vitanza lowered the firm’s price target on Napco Security (NSSC) to $46 from $60 and keeps a Buy rating on the shares. The firm said results missed estimates but the positives outweigh the negatives as radio sales rebounded strongly, recurring revenue was in line, and recurring revenue gross margin beat expectations.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSSC: