Stifel Nicolaus Maintains Hold on Analogic

Stifel Nicolaus is out with its report today on Analogic (NASDAQ: ALOG), maintaining Hold.

In a note to clients, Stifel Nicolaus writes, "Recently Analogic announced that its high-speed eXaminer XLB Explosives Detection System for checked baggage screening has received Transportation Security Administration certification. This certification comes on the heels of the successful evaluation of the EDS system according to European Standard 3 enhanced detection requirements, announced in March. We view these certifications as a positive for Analogic. We maintain our Hold rating on Analogic shares."

Shares of ALOG closed Friday at $51.38, down 1.42% from Thursday's close.