NEW YORK (TheStreet) -- FLIR Systems(FLIR) - Get Report stock price target was increased to $36 from $33 at Drexel Hamilton on Tuesday morning. The firm has a "buy" rating on the stock.

The Wilsonville, OR-based company designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and advanced threat-detection solutions.

The higher price target comes after yesterday's announcement that the company is introducing the "Boston" thermal camera core to the marketplace. This is the company's first new core since 2014.

"We're encouraged by FLIR's relatively high pace of new product introduction (recall the new thermal camera for traffic intersections introduced earlier in the year) and we are increasing our valuation multiple...which drives an increase in our DCF-derived target price," the firm wrote in a note.

The company reports earnings on April 26.

Shares of FLIR closed at $32.83 on Monday.

Separately, TheStreet Ratings Team has a Buy rating with a score of B+ on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and expanding profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: FLIR

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