J.P. Morgan Maintains Rating, PT On FLIR In 1Q11 Preview

J.P. Morgan is maintaining its Neutral rating and a price target of $34 on FLIR Systems FLIR in its preview of the company's 1Q11 results. In the report, J.P. Morgan writes, “We maintain our Neutral rating ahead of FLIR's 1Q results. Results will likely be buoyed by the Commercial segments, offset by continued sluggishness in GS. We believe many investors will be focused on backlog given the lack of visibility in the GS segment. We believe the stock will perform in line with our coverage until visibility into GS revenue improves.” FLIR closed at $34.19 yesterday.