Revvity price target raised to $116 from $105 at Barclays

Barclays raised the firm’s price target on Revvity to $116 from $105 but keeps an Equal Weight rating on the shares after its Q4 earnings beat. The stock remains a “show me” story and the ramp certainly adds pressure to the execution needed to get fundamentals up to the proposed algo, the analyst tells investors in a research note. The firm adds that FY24 could be viewed as the year to “charge the margin batteries” for a lift-off heading into FY25.