MSA Safety initiated with a Buy at DA Davidson

DA Davidson analyst Michael Shlisky initiated coverage of MSA Safety (MSA) with a Buy rating and $195 price target The firm also added the shares to its “Best-of-Breed Bison list.” MSA is the world leader for occupational safety equipment, helping workers such as firefighters and construction personnel avoid injuries, the analyst tells investors in a research note. The firm’s checks indicate companies are more-focused on safety than ever before. While growth rates may be slightly below normal next year, MSA’s status as a steady “compounder” does not seem threatened, with 8%-10% annual earnings growth target through 2028, contends DA. It views MSA as a core industrial holding.