TAT Technologies price target raised to $40 from $37 at Lake Street

Lake Street raised the firm’s price target on TAT Technologies (TATT) to $40 from $37 and keeps a Buy rating on the shares after a “modest” Q2 beat that showed some sequential weakness. Backlog grew a “staggering” 19% sequentially on top of 18% year-over-year revenue growth, providing greater visibility to growth continuing at elevated levels at least through FY26, says the analyst, who adds that the firm’s “conviction is only enhanced with these results” in spite of shares having sold off sharply.