Craig-Hallum analyst Greg Palm reiterated a Buy rating on FARO Technologies and raised his price target to $82 from $64, telling investors in a research note that last night's Q2 results and this morning's earnings call have "reinvigorated" the stock. The analyst says revenue growth is reaccelerating from the "disappointing" Q1 while margin expansion continues at a rapid clip, and he contends that the combination of rapid margin expansion and mid-teens organic growth is "unique" within the industry landscape. He expects investors will continue to "pay up" for shares of FARO given this scarcity value.