CVRx price target lowered to $14 from $19 at Lake Street

Lake Street analyst Frank Takkinen lowered the firm’s price target on CVRx (CVRX) to $14 from $19 and keeps a Buy rating on the shares after the company announced preliminary Q1 revenue that fell short of expectations. The firm believes the shortfall was “the result of natural growing pains, not structural roadblocks,” the analyst tells investors. The firm, which also believes the company continues to have adequate liquidity, notes that the company does not expect a material tariff impact.