Needham analyst Stephen Unger raised his price target on Bruker to $46 and kept his Strong Buy rating after its Q1 earnings beat, also raising his FY19 EPS view to $1.60 from $1.56 on the expected contribution of its RAVE LLC acquisition. The analyst adds that he had some reservations around Bruker’s growth in Asia-Pacific heading into the print, but the segment generated 19.9% revenue growth to $152M, above his forecasted $132M.
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