Raymond James upgraded Azenta (AZTA) to Outperform from Market Perform with a $35 price target While the Q3 print was “noisy,” it drove the stock to a level that the firm believes will be a bottom, the analyst tells investors in a research note. Raymond James views the Q3 results as a clearing event and is hopeful that “reasonable” performance going forward, especially if/when the end market improves, supports a return to more reasonable multiples.
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