Protolabs price target raised to $50 from $40 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Protolabs (PRLB) to $50 from $40 and keeps an Overweight rating on the shares. Protolabs reported better-than-expected revenue and adjusted EPS, its board approved a new $100M buyback program, the analyst tells investors in a research note. Protolabs continues to see strong demand in the aerospace and defense vertical, the firm says.