Cimpress price target raised to $74 from $60 at Truist

Truist raised the firm’s price target on Cimpress (CMPR) to $74 from $60 and keeps a Buy rating on the shares. The company’s results exceeded muted expectations across the board, with growing demand for elevated/higher-value offerings like PPAGs – Promotional Products, Apparel, and Gifts – more than offsetting the decline in legacy products such as business cards, the analyst tells investors in a research note.