nLight price target raised to $24 from $14 at Craig-Hallum

Craig-Hallum raised the firm’s price target on nLight (LASR) to $24 from $14 and keeps a Buy rating on the shares amid increased confidence in the company’s growth outlook. The firm sees a better backdrop for defense spending globally and specifically points to areas like munitions and Directed Energy, where the company has the most exposure, as significant growth drivers, the analyst tells investors in a research note.