Flux Power price target lowered to $6 from $10 at Lake Street

Lake Street lowered the firm’s price target on Flux Power (FLUX) to $6 from $10 and keeps a Buy rating on the shares. Q4 revenue was as expected as a lull in market activity impacted orders, but the firm believes trends improved in the latter part of 2024 and thinks additional salespeople and new product introductions can help drive growth later this year, though it is reducing estimates to reflect the lower OEM activity.