OSI Systems price target raised to $320 from $300 at B. Riley

B. Riley analyst Josh Nichols raised the firm’s price target on OSI Systems (OSIS) to $320 from $300 and keeps a Buy rating on the shares. OSI Systems reported strong Q2 results with record sales of $464M and pro forma EPS of $2.58, driven by security and optoelectronics growth, and a 31% year over year increase in security revenue ex-Mexico, the analyst tells investors in a research note.