Digi International price target raised to $45 from $40 at Stephens

Stephens raised the firm’s price target on Digi International to $45 from $40 and keeps an Overweight rating on the shares following the company’s earnings call and making “slight tweaks” to the firm’s model. Following earnings, shares have quickly recovered from the mid-$20s to nearly $30 and the firm expects “they return to the mid-$30s in rather straightforward fashion,” the analyst added.