Cimpress price target raised to $78 from $74 at Truist

Truist raised the firm’s price target on Cimpress (CMPR) to $78 from $74 and keeps a Buy rating on the shares. The firm remains constructive on Cimpress following its Analyst Day yesterday in which the management revealed that Q1 results are tracking ahead of expectations and also provided long-term revenue growth and profitability guidance that is materially above consensus, the analyst tells investors in a research note. The management sounded confident in its ability to achieve its growth and margin targets thru more momentum in the newer elevated product categories and growing U&P – Upload and Print segment – in the U.S., the firm added.