Azenta price target lowered to $30 from $39 at TD Cowen

TD Cowen lowered the firm’s price target on Azenta (AZTA) to $30 from $39 and keeps a Hold rating on the shares. The stock is down over 20% post earnings on lower gross margins driving an earnings miss, the analyst tells investors in a research note. The firm says Azenta’s North America recovery in the second half of the year “will be key.”