inTEST upgraded to Outperform from Market Perform at Northland

Northland upgraded inTEST (INTT) to Outperform from Market Perform with an unchanged price target of $13. The firm thinks the quarter is tracking to plan and is “comfortable” with its Q4 estimates, adding that it thinks inTEST continues to see a weaker frontend semi demand environment, but “no worse than expected when guidance was offered” on the Q3 call. The firm adds that it sees growth being reestablished in FY25, citing easy comps and a more stable demand environment.