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Napco Security upgraded to Buy from Hold at Lake Street

Lake Street upgraded Napco Security (NSSC) to Buy from Hold with a price target of $39, up from $26, after the company reported revenue and EPS above expectations, driven by equipment revenue outperformance. Although there remains some macro uncertainty, the firm thinks Q4 likely represented the last quarter of tough year-over-year comps for the equipment business and that it has better line of sight to a return to growth this year.

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