Intermec initiated with "buy"

08/18/09 - Feltl & Co

NEW YORK, August 18 (newratings.com) - Analysts at Feltl & Co initiate coverage of Intermec Inc (IN) with a "buy" rating. The target price is set to $17.

In a research note published this morning, the analysts mention that the company is poised to benefit from the economic recovery and investments to improve field operations. Intermec’s ongoing restructuring and new outsourcing initiatives are likely to boost its margins in the forthcoming years, the analysts add. Further growth is expected to be driven by the launch of new products and the expansion of the company’s sales network, Feltl & Co says.