Use CENTA price target raised to $54 from $51 at Canaccord

Canaccord analyst Brian McNamara raised the firm’s price target on Use CENTA (CENT) to $54 from $51 and keeps a Buy rating on the shares. The firm said they reported impressive Q2 results, with sales and adjusted EBITDA roughly 7% and about 13% above consensus, respectively. Sales were driven by growth across both segments, the expected shift of shipments from Q1 to Q2, and internal initiatives.