Lensar upgraded to Buy from Hold at Lake Street

Lake Street upgraded Lensar (LNSR) to Buy from Hold with a price target of $10, down from $15. Lensar’s ALLY is “without a doubt the best femtosecond laser on the market, says the firm, which believes this value proposition and team can yield 20%-plus growth and free cash flow positive operations. Absent a takeout, the firm thinks there are complementary products that could expand Lensar’s revenue per case potential, the analyst added.