Craig-Hallum Upgrades Proto Labs to Hold, Raises Price Target to $28
Portfolio Pulse from richadhand@benzinga.com
Craig-Hallum analyst Greg Palm has upgraded Proto Labs (NYSE:PRLB) from Sell to Hold and raised the price target from $26 to $28.
August 04, 2023 | 5:11 pm
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Proto Labs has been upgraded from Sell to Hold by Craig-Hallum, with a raised price target from $26 to $28.
The upgrade from Sell to Hold indicates a more positive outlook on the company by the analyst. The raised price target from $26 to $28 suggests the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100