Azenta price target raised to $45 from $35 at Raymond James

Raymond James analyst Andrew Cooper raised the firm’s price target on Azenta (AZTA) to $45 from $35 and keeps an Outperform rating on the shares following a fiscal Q4 report that the firm describes as “generally in line to above hopes.” An investor day in just a few weeks should “shed major light on the longer-term view,” says the analyst, who thinks it will be in the mid-single-digit-plus organic revenue range with a path to margins breaching 20%, leaving the firm “optimistic on the trajectory.”