As previously reported, Craig-Hallum upgraded Protolabs (PRLB) to Buy from Hold with a $54 price target The firm says that the macro backdrop has stabilized and is starting to improve, the company’s exposure to A&D should be a strong growth driver, and the new CEO should drive better focus and execution. Putting this all together, “you have a reaccelerating growth story, notable given the company’s lack of growth over the last 7-8 years,” adds Craig-Hallum. The firm sees a significant upward re-rating as a result as investors start to appreciate the growth potential.
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Read More on PRLB:
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