Craig-Hallum bullish on Frequency Electronics, initiates with a Buy

As previously reported, Craig-Hallum initiated coverage of Frequency Electronics (FEIM) with a Buy rating and $43 price target A legacy but cutting-edge space electronics manufacturer, Frequency Electronic has had the market come to them in a big way as their use cases in Missile Defense, Drones, and Military GPS, are suddenly in the limelight at the DoD, the firm says. Craig-Hallum believes Frequency is just at the beginning of several long-term secular themes and has a unique moat as the leading U.S. provider of radiation-hardened atomic clocks and frequency subsystems for space.