Quest Resource price target raised to $15 from $12 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Quest Resource to $15 from $12 and keeps a Buy rating on the shares. Quest Resource reported a better Q1 on growth from existing clients, with new customer wins piling up, pipeline growing as value proposition gaining traction, and operational and technology investments positioning Quest well for double-digit growth going forward as flywheel/network effects take hold, the analyst tells investors in a research note.