Napco Security price target raised to $33 from $30 at DA Davidson

DA Davidson analyst Matt Summerville raised the firm’s price target on Napco Security (NSSC) to $33 from $30 and keeps a Buy rating on the shares. The firm’s recent non-deal roadshow has preserved its long-term favorable stance on the stock, with a sell-through that seems to be healthy despite some known inventory rationalization efforts continuing to take place among some of its largest distributors, the analyst tells investors in a research note.