Gauzy price target lowered to $13 from $15 at Barclays

Barclays lowered the firm’s price target on Gauzy (GAUZ) to $13 from $15 and keeps an Overweight rating on the shares. The company reported a “soft” Q1, dragged by tariff related sales delays and sharp decrementals, the analyst tells investors in a research note. However, the firm believes Gauzy’s forward commentary is more encouraging with expectations for little to no tariff impact.