Northland sees ‘no reason’ for inTEST selloff, reiterates Outperform rating

Northland analyst Ted Jackson is reiterating an Outperform rating and $28 price target on inTEST after the company reported what the firm describes as “excellent” Q2 results that were in-line with expectations and reiterated FY23 guidance. The firm, whose financial forecast is “essentially unchanged” and continues to see shares as worth $25 to $30, sees “no reason” for the post-earnings selloff.