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Bull of the Day

Zacks Equity Research

The LGL Group (LGL)

Trades from $3

The LGL Group (LGL), through its subsidiaries manufactures custom-designed highly engineered electronic components. Beyond its blue-chip customer base, the firm has significant opportunity for growth in specialty products in the military instrumentation and space avionics market (MISA) as well as high-growth emerging areas such as India and China.

Further, the firm's long-term goals include plans to diversify away from strictly selling components and to be included higher in the value chain through strategic partnerships.

We feel the stock will outperform the overall market and set a six month price target of $30.00.