Stratasys price target raised to $22 from $20 at Lake Street

Lake Street raised the firm’s price target on Stratasys to $22 from $20 and keeps a Buy rating on the shares after the company reported "a solid quarter," arguing that Stratasys "continues to outperform in a tough environment." Shares continue to trade at a discount to the group and Lake Street sees "meaningful upside from current levels" with Stratasys having several potential catalysts, product cycles ramping, and increasing profitability.