AquaBounty price target lowered to $2 from $3 at Lake Street

Lake Street analyst Ben Klieve lowered the firm’s price target on AquaBounty to $2 from $3 and keeps a Hold rating on the shares. Q1 results were generally in line with expectations and the ongoing divestiture of its Indiana facility appears to be on track, says the firm, which expects this divestiture to eliminate the company’s bridge loan and materially lower cash burn.