Cimpress price target raised to $90 from $78 at Truist

Truist raised the firm’s price target on Cimpress (CMPR) to $90 from $78 and keeps a Buy rating on the shares. The company’s Q1 results exceeded expectations across the board reflecting growing demand for elevated/higher-value offerings like promotional products, apparel and gifts, with improvements in the Y/Y decline in legacy items such as business cards, the analyst tells investors in a research note.