Bandwidth price target lowered to $25 from $28 at Barclays

Barclays analyst Ryan MacWilliams lowered the firm’s price target on Bandwidth to $25 from $28 and keeps an Overweight rating on the shares post the Q2 report. The company has executed on its efforts to improve its capital structure, though revenue from messaging and pass-through fees was lower than expected, the analyst tells investors in a research note.