TD upgrades Napco Security to Buy after third straight beat

TD Cowen upgraded Napco Security (NSSC) to Buy from Hold with a price target of $50, up from $43. The company’s results beat estimates for a third straight quarter on accelerating equipment sales growth, the analyst tells investors in a research note. The firm believes that with easy compares over the next two quarters, Napco’s outperformance “could accelerate further.” TD sees the shares as attractive given its “renewed near-term and longer-term conviction.”