Faro Technologies shares are trading higher after the company reported better-than-expected Q2 financial results. Also, Craig-Hallum upgraded the stock from Hold to Buy and announced a $26 price target.
Portfolio Pulse from Benzinga Newsdesk
Faro Technologies reported better-than-expected Q2 financial results, leading to an increase in its share price. Additionally, Craig-Hallum upgraded the stock from Hold to Buy and set a $26 price target.
August 04, 2023 | 1:59 pm
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Faro Technologies' Q2 results exceeded expectations, causing its stock to rise. The stock was also upgraded to Buy by Craig-Hallum, with a price target of $26.
Faro Technologies' better-than-expected Q2 results have positively impacted investor sentiment, leading to a rise in its stock price. The upgrade from Craig-Hallum further supports this positive outlook, indicating potential for further growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100