Heska price target lowered to $119 from $155 at Alliance Global Partners

Alliance Global Partners analyst Ben Haynor lowered the firm’s price target on Heska to $119 from $155 and keeps a Buy rating on the shares. The company missed estimates in Q3 and lowered its outlook, Haynor tells investors in a research note. Unsurprisingly, recent unfavorable foreign exchange movements impacted Heska’s international revenue, says the analyst. However, he sees management’s view that many of the headwinds faced this year turn into tailwinds in 2023 as largely correct.