Everspin Technologies price target raised to $12 from $10 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Everspin Technologies to $12 from $10 and keeps a Buy rating on the shares. The firm said Everspin’s business has had an “excellent year,” noting that the Toggle products have developed a well-diversified business growing at a faster-than-market rate that is likely to sustain for the next few years. In addition, Craig-Hallum sees multiple growth drivers that indicate the company can accelerate and sustain solid growth rates well above the semi market.