On Track Innovations Ltd. (OTIV)

[midastouch017]

OTIV: Turnaround Largely Complete; We Believe 2Q17 Is An Inflection Point With Rapid Revenue Growth From Here. Initiating At BUY With $2.25 Target

Over the past two years, On-Track Innovations has dramatically cut costs, divested non-core businesses and grown its global sales force and distribution partners. We believe the company is now in position to deliver accelerating revenue and earnings growth. We are initiating coverage of OTIV with a BUY rating and $2.25 price target.