Protolabs initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of Protolabs with an Overweight rating and $44 price target. The company is well-positioned to capitalize on a larger addressable market and should capture more growth from production applications, the analyst tells investors in a research note. Proto Labs is a leading player in the digital manufacturing market and has a near-term focus on growing revenues and expanding margins, which should benefit the shares, Cantor argues.