Harrow price target lowered to $65 from $69 at B. Riley

B. Riley analyst Mayank Mamtani lowered the firm’s price target on Harrow (HROW) to $65 from $69 and keeps a Buy rating on the shares following the Q4 report. The firm believes the “significant headroom” to multi-year volume growth for all three of the company’s brands remains underappreciated, particularly as Harrow’s commercial teams make progress. However, the firm acknowledges Harrow’s quarterly product business “lumpiness.”