Needham raised the firm’s price target on nLight (LASR) to $28 from $18 and keeps a Buy rating on the shares. Thanks to another quarter of robust A&D growth and better margins, nLight delivered a strong Q2 beat-and-raise, the analyst tells investors in a research note. Results also benefited from a modestly better showing from nLight’s Commercial business, though investors appear only focused on the Defense business, the firm added.
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