BUZZ-Australia's Electro Optic Systems at 4-year high after Bell Potter hikes PT

Reuters

08/06

BUZZ-Australia's <a href="https://laohu8.com/S/EOPSF">Electro Optic</a> Systems at 4-year high after Bell Potter hikes PT

** Shares of Electro Optic Systems EOS.AX rise as much as 7.1% to A$4.53, a peak since late July 2021

** Stock last up 2.8% at A$4.35

** Bell Potter raises price target for defense and space tech developer to A$5 from A$3.75, retains "buy" call

** Brokerage also upgrades revenue forecast by 3%, 9% and 9% for calendar years 2025, 2026 and 2027, respectively

** Bell Potter says EOS' drone defence capability order presents potential investors with a new angle to gain leverage to the emerging drone warfare thematic

** More than 5.7 million shares change hands, 2.1 times the 30-day average volume

** Stock up 238.2% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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11:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's <a href=\"https://laohu8.com/S/EOPSF\">Electro Optic</a> Systems at 4-year high after Bell Potter hikes PT</title></head><body><p>** Shares of Electro Optic Systems <span>EOS.AX</span> rise as much as 7.1% to A$4.53, a peak since late July 2021 </p><p>** Stock last up 2.8% at A$4.35</p><p>** Bell Potter raises price target for defense and space tech developer to A$5 from A$3.75, retains \"buy\" call</p><p>** Brokerage also upgrades revenue forecast by 3%, 9% and 9% for calendar years 2025, 2026 and 2027, respectively</p><p>** Bell Potter says EOS' drone defence capability <span>order</span> presents potential investors with a new angle to gain leverage to the emerging drone warfare thematic</p><p>** More than 5.7 million shares change hands, 2.1 times the 30-day average volume</p><p>** Stock up 238.2% YTD, including the day's moves</p><p> (Reporting by Nikita 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