LeMaitre price target raised to $69 from $66 at Barrington

Barrington analyst Michael Petusky raised the firm’s price target on LeMaitre to $69 from $66 and keeps an Outperform rating on the shares after the company reported EPS that exceeded the firm’s and the consensus estimate, noting that “an exceptionally strong gross margin result” was the primary catalyst for the profitability beat. The company’s ability to generate a gross margin in the high 60s, as it just did in Q4, could “unlock significant margin expansion overall,” contends the firm, which adds that management provided “strong” FY24 guidance.