Stevanato Group price target raised to $39 from $36 at Jefferies

Jefferies raised the firm’s price target on Stevanato Group to $39 from $36 and keeps a Buy rating on the shares. Stevanato raised long-term targets at its investor day a few weeks ago and its gross margin percentage guidance through FY25 “looks fairly conservative, which could mean upside to our numbers,” the analyst tells investors.