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Fly News Breaks for April 24, 2015
PRLB
Apr 24, 2015 | 07:44 EDT
Stephens believes Proto Labs gave conservative guidance in conjunction with its in-line Q1 report and sees the stock as being set up well for outperformance in the rest of the year, citing its new services, easier comps in the second half of the year and expectations for a better European macro environment. The firm keeps an Overweight rating on Proto Labs and raised its price target to $90 from $82 on the shares.
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