Azenta resumed with an Equal Weight at Stephens

Stephens resumed coverage of Azenta (AZTA) with an Equal Weight rating and $35 price target While “encouraged” by the new management team’s efforts to streamline the portfolio and believing that there is “a lot of room for improvement on the margin side,” the firm prefers to take more of a “wait-and-see approach” until the macro overhang improves, the analyst tells investors.