Lake Street analyst Jaeson Schmidt raised the firm’s price target on UFP Technologies to $270 from $231 and keeps a Buy rating on the shares after the company better-than-expected revenue, AEBITDA, and EPS. The firm thinks “investors will be hard-pressed to find much to pick at from the print” and adds that the company has been transparent that M&A is a large part of the growth strategy, stating “we would not be shocked to see something get over the finish line this year.”
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