Faro Technologies (FARO) PT Raised to $46 at Stifel on 3Q Earnings; 'Sustainability of Revenue Growth and Opex Controls Remain Key'

Stifel raised its price target on Faro Technologies (NASDAQ: FARO) to $46.00 (from $33.00) while maintaining a Hold rating, following the company's third quarter earnings report.

Analyst Patrick Newton notes a positive outlook on the shares, as the company reported third quarter earnings per share and revenues above consensus projections fueled by gross margin and operations expenditure controls performance, supported by strong orders.

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