Why Proto Labs Stock Just Popped

3D printing prototyper Proto Labs (NYSE: PRLB) announced Tuesday night that it has agreed to acquire leading online manufacturing platform 3D Hubs. This will create what management described as "the world's most comprehensive digital manufacturing offer for custom parts."

Based on that news, investment bank Craig-Hallum boosted its price target on Proto Labs to $167 per share -- and the market boosted the company's actual stock price on Wednesday.

Proto Labs shares closed the trading day up by 6.6%.

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Source Fool.com