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Jefferies Starts Proto Labs (PRLB) at Hold

April 4, 2012 7:22 AM EDT
Get Alerts PRLB Hot Sheet
Price: $35.76 +1.07%

Rating Summary:
    2 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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Jefferies initiates coverage on Proto Labs (NYSE: PRLB) with a Hold. PT $32.00.

The firm comments, "Proto Labs' disruptive business model brings scale efficiencies to traditional rapid injection molding and CNC machining, allowing it to significantly lower the time and costs in a segment that is highly fragmented, relatively low-tech, and low margin. While we remain fans of the model long-term, we rate the stock a Hold on valuation."

NOTE: Jefferies acted as lead underwriter for PRLB's Feburary 2012 IPO.

For an analyst ratings summary and ratings history on Proto Labs click here. For more ratings news on Proto Labs click here.

Shares of Proto Labs closed at $35.20 yesterday.


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