Faro Technologies (FARO) Tops Q1 EPS by 15c
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Needham & Company Raises Price Target on Faro Technologies (FARO) to $39 Following 2nd Consecutive Beat
May 5, 2016 8:13 AM EDTNeedham & Company reiterated a Buy rating on Faro Technologies (NASDAQ: FARO), and raised the price target to $39.00 (from $37.00), following the company's 1Q earnings report. Revenues increased 8% y/o/y to $75.7M, above consensus $71.6M. EPS was reported well above expectations, at $0.19 versus the consensus of $0.07.... More
