FLIR Systems The thermal imaging systems company reported last week fourth-quarter earnings of $76.1 million, or 48 cents a share, up from year-ago earnings of $69.8 million, or 43 cents. "While we would like to get constructive on weakness in the FLIR stock given its leading position for sustained robust growth within its commercial markets, the short-term pressures within defense markets remain and warrant continued caution," Sterne Agee analysts wrote in a Feb. 12 report. "Therefore, we reiterate our Neutral rating." Shares of FLIR Systems were upgraded to buy from hold at TheStreet Ratings. FLIR Systems has a forward P/E of 13.28; the average for defense companies is 12.75. For comparison, Alliant Techsystems ( ATK) and L-3 Communications ( LLL) both have lower forward P/Es of 8.36 and 8.26, respectively. FLIR Systems gets a B grade from TheStreet Ratings with a $28.37 price target. The stock closed Tuesday at $24.74 and has ticked down 1.32% year to date. -- Written by Alexandra Zendrian >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: email@example.com. >To follow the writer on Twitter, go to Alexandra Zendrian.