inTEST assumed with a Buy at Lake Street

Lake Street analyst Max Michaelis assumed coverage of inTEST (INTT) with a Buy rating and $8 price target After having hosted management at the firm’s Best Ideas Growth Conference, the firm says that the company is still dealing with a challenging environment related to high interest rates, cyclical softness in semi, and vertical specific supply chain friction, but is “still bullish” about the long-term growth opportunities and believes the company will still be able to generate strong profitability, the analyst tells investors.