Owlet price target raised to $7.50 from $7 at Northland

Northland raised the firm’s price target on Owlet (OWLT) to $7.50 from $7 and keeps an Outperform rating on the shares after a “solid quarter” that beat expectations as the company continues to execute on its go-forward strategy. Management announced three incremental growth drivers, including international expansion, medical and healthcare channels, and the Owlet360 subscription, the analyst tells investors in a post-earnings note.