Faro Technologies price target lowered to $25 from $29 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Faro Technologies to $25 from $29 and keeps a Buy rating on the shares. A broader slowdown is impacting revenue estimates but the company is performing remarkably well at controlling costs and improving margins, the analyst tells investors in a research note. The firm says the stock isn’t getting any credit for material improvements in the P&L and a very successful turnaround thus far.