SunTrust analyst Tobey Sommer raised his price target on Exponent to $56 after its Q2 earnings beat along with its raised EBITDA margin guidance. Sommer says the "industry-focused sale teams" are driving market share gains in the "lucrative large proactive engagements", while the company's new CEO Catherine Corrigan also offered "crisp" and "insightful" answers on the earnings call. The analyst is keeping his Buy rating on Exponent, stating the company's underlying growth remains firm, while its focus on "cross-selling by forming industry-focused sales teams" should also allow it to capture market share.