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Fly News Breaks for February 7, 2017
PRCP
Feb 7, 2017 | 08:02 EDT
Craig-Hallum analyst Greg Palm would be an "aggressive buyer" of Perceptron following the company's quarterly release. Following a multi-quarter restructuring period, the analyst believes that quarterly results illustrate the benefits of its strategic plan, with goals to sustain overall revenue growth and significantly improve profitability. Moreover, Palm believes the stock is getting "very little credit" for any of this and expects investors to assign a higher multiple given recent events and the potential for additional improvements. He reiterates a Buy rating and $9 price target on the shares.
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