Lake Street raised the firm’s price target on UFP Technologies to $300 from $270 and keeps a Buy rating on the shares. The firm came away from meetings with CEO Jeff Bailly and CFO Ron Lataille confident the momentum the company has seen over the past couple of quarters can continue. Lake Street thinks the combination of continued traction at Intuitive Surgical and the work down of excess inventory at certain customers have UFP positioned to show improving results throughout the year, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UFPT:
- UFP Technologies price target raised to $270 from $231 at Lake Street
- UFP Technologies management to meet virtually with Lake Street
- UFP Technologies Updates Investor Presentation Materials
- UFP Technologies, Inc. to Present and Host 1×1 Investor Meetings at the 14th Annual East Coast IDEAS Investor Conference on June 12th & 13th in New York, NY
- UFP Technologies Announces Record Q1 Results