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Fly News Breaks for February 23, 2018
FARO
Feb 23, 2018 | 08:50 EDT
Craig-Hallum analyst Greg Palm raised his price target on FARO Technologies to $68 from $60 and reiterated a Buy rating after the company "handily" beat expectations for the second quarter in a row. In a research note to investors, Palm said he expects increased investor interest following back-to-back "solid" quarters and says estimates remain well below management's fiscal 2019 targets, leaving plenty of room for upward earnings revisions should solid execution continue.
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