Faro Technologies price target raised to $33 from $30 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Faro Technologies (FARO) to $33 from $30 and keeps a Buy rating on the shares after meeting with management. The firm remains highly confident that the stock is in the early innings of a much bigger multi-year move higher. While the self-help part of the story still has legs, the next move higher in the stock will occur on the return to revenue growth, something Craig-Hallum is more confident in, even if end market conditions remain sluggish.