Aehr Test Systems price target lowered to $21 from $24 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Aehr Test Systems (AEHR) to $21 from $24 and keeps a Hold rating on the shares following lower-than-expected results and guidance. Management trimmed second half of the year guidance to $25M-$30M, below the firm’s prior expectations of roughly $42M, but is also calling for material bookings recovery in second half of this fiscal year with shipments expected in FY27.