UFP Technologies price target raised to $289 from $252 at Lake Street

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.