nLight price target raised to $33.50 from $27.50 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on nLight (LASR) to $33.50 from $27.50 and keeps an Overweight rating on the shares. The firm came away from meetings with the CEO and VP of Corporate Development incrementally more upbeat on the near- and medium-term outlook, the analyst tells investors in a research note. Cantor believes the company has sufficient backlog and pipeline to reach the upper end of Q3 guidance and grow sequentially in Q4.