Mesa Labs price target lowered to $120 from $130 at Evercore ISI

Evercore ISI lowered the firm’s price target on Mesa Labs to $120 from $130 and keeps an Outperform rating on the shares after the company reported fiscal Q4 results that came in better than expectations on both revenue and margins. Higher interest expense depressed reported EPS, but the firm thinks underlying trends “are signaling a turnaround” and thinks Mesa is on track for organic growth of low-single to mid-single digits in FY25, the analyst tells investors.