Boenning & Scattergood Announces Investment Opinion on ArgonST, Inc.WEST CONSHOHOCKEN, Pa. -- Boenning & Scattergood initiated coverage of ArgonST Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : STST STST Stainless Steel STST Sounding the Seventh Trumpet (Avenged Sevenfold music album) ) today with a Market Outperform market outperform An analyst recommendation that a stock is expected to outperform the overall market. rating and 12-month price target of $28. ArgonST designs and manufactures C4ISR C4ISR Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance C4ISR Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance C4ISR Command Control Communications Computers Intelligence Surveillance and Reconnaissance solutions focused around sensors, signal intelligence, tracking and warning systems, and electronic warfare Noun 1. electronic warfare - military action involving the use of electromagnetic energy to determine or exploit or reduce or prevent hostile use of the electromagnetic spectrum EW military action, action - a military engagement; "he saw action in Korea" . Our investment thesis includes the following factors: * As a leading pure-play signal intelligence provider, ArgonST is likely to reap the benefits of a growing C4ISR market. * ArgonST's COTS business model and program-lifecycle philosophy provide a sustainable competitive advantage while positioning the company for future success. * Current programs and potential contract wins provide a more-than-adequate growth platform. * ArgonST's growth potential is likely to overshadow o·ver·shad·ow tr.v. o·ver·shad·owed, o·ver·shad·ow·ing, o·ver·shad·ows 1. To cast a shadow over; darken or obscure. 2. To make insignificant by comparison; dominate. its average operating metrics. * We expect military transformation and modernization spending to continue on its upward trajectory, regardless of Presidential election noise or war outcomes. * Premium valuation justified, use pullback as buying opportunity. About Boenning & Scattergood: Founded in 1914, Boenning & Scattergood, Inc. is the oldest independently owned investment securities firm in the Philadelphia region. The firm offers a full compliment of investment services to institutional, retail and corporate clients, including research, sales, trading, investment banking and public finance. For more information, please visit www.boenninginc.com. Member SIPC/FINRA. This release is neither an offer to sell nor a solicitation to buy any securities mentioned herein. Please refer to the full report, which is available upon request, for additional details, risks and disclosures. |
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