Freedom Broker initiated coverage of Optex Systems with a Buy rating and $16.10 price target. The niche defense optics supplier has an entrenched position on long-lived U.S. and allied ground vehicle fleets and an adjacent optics coatings business that extends its reach into weapon optics and select commercial programs, says the analyst, who sees the broader defense funding backdrop as constructive and sustaining demand for vehicle optics and protective optical solution.
