Frequency Electronics upgraded to Buy from Hold at Freedom Broker

Freedom Broker analyst Sergey Glinyanov upgraded Frequency Electronics (FEIM) to Buy from Hold with a price target of $65, up from $53, after the company announced a new minimum revenue target of $150M by the end of fiscal 2029. The firm is raising its assumptions for market share expansion in the satellite equipment segment and raised its 2028-2029 revenue forecast, but remains more conservative than management and models approximately $130M in sales by FY29, the analyst tells investors.