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Napco Security price target lowered to $37 from $40 at Needham

Needham analyst James Ricchiuti lowered the firm’s price target on Napco Security (NSSC) to $37 from $40 and keeps a Buy rating on the shares. The firm is trimming its revenue and EPS estimates for Napco, even though it is less concerned about tariff headwinds for the company given that it manufactures its products in the Dominican Republic, the analyst tells investors in a research note. This puts Napco in a better position than competitors that source product from China and Mexico, Needham added, cutting its FY25 EPS view by 3c to $1.09 and its FY26 view by 6c to $1.20.

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