Lake Street raised the firm’s price target on UFP Technologies (UFPT) to $289 from $252 and keeps a Buy rating on the shares after the company reported in line revenue and a “significant” EPS beat. The firm thinks the strong Q2 EPS number “should give investors confidence that UFP can protect the earnings power in the model,” the analyst tells investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UFPT: