UFP Technologies price target raised to $231 from $188 at Lake Street

Lake Street raised the firm’s price target on UFP Technologies to $231 from $188 and keeps a Buy rating on the shares after its Q4 results that saw an “accross the board beat”. Medtech revenue grew 15% y/y, which was largely driven by continued momentum in robotic drapes, and this strength helped offset the expected headwinds from excess inventory at some customers, the analyst tells investors in a research note.