FormFactor price target lowered to $45 from $50 at DA Davidson

DA Davidson lowered the firm’s price target on FormFactor (FORM) to $45 from $50 and keeps a Buy rating on the shares. The stock is reacting favorably to a Q2 outlook that is slightly ahead of the consensus view, and the company’s more stable design driven model should drive relative near term outperformance versus the broader semicap group, even though visibility into the second half of the year still remains extremely cloudy given all the tariff and export control uncertainty, the analyst tells investors in a research note.