Mesa Labs price target raised to $115 from $110 at Jefferies

Jefferies analyst Tycho Peterson raised the firm’s price target on Mesa Labs (MLAB) to $115 from $110 and keeps a Buy rating on the shares following a Q2 report that were “solid” and “a relatively less noisy showing than 1Q results.” The firm sees scope for shares to re-rate higher as stability comes back and credibility builds, the analyst tells investors.