Canaccord upgraded Electro Optic Systems (EOPSF) to Buy from Speculative Buy with an unchanged price target of A$10. The company signed a binding conditional agreement to deliver a 100kW high energy laser weapon to a customer in the Republic of Korea, the analyst tells investors in a research note. The firm sees the news as a “step-change in momentum” for Electro’s new HELW vertical.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOPSF:
- EOS Secures $80M High Energy Laser Contract with South Korea
- EOS Settles ASIC Investigation with $4 Million Penalty
- EOS Completes Acquisition of UK Interceptor Business, Expands Counter-Drone Portfolio
- Electro Optic Systems Enhances Counter-Drone Capabilities
- EOS to Discuss Counter-Drone Advancements in Upcoming Webinar