Vicor price target raised to $43 from $35 at Craig-Hallum

Craig-Hallum analyst Richard Shannon raised the firm’s price target on Vicor (VICR) to $43 from $35 and keeps a Hold rating on the shares. The firm notes Vicor’s Q3 results that drove the stock up 15% in the aftermarket on Tuesday do not seem supportable in the near term, as it finds them to be somewhat lower quality than the headline appears. As such, Craig-Hallum sees the stock fading in the near term and would not be a buyer on this reaction.