Box price target raised to $42 from $38 at Raymond James

Raymond James raised the firm’s price target on Box (BOX) to $42 from $38 and keeps an Outperform rating on the shares. Box’s Q1 results showed a healthy ramp of the enterprise advanced plan, as evidenced by the “impressive” acceleration in billings, the analyst tells investors in a research note. The firm thinks new pricing and a ramping Systems Integrators channel could offer mid-term catalysts for shares.