Impinj price target lowered to $155 from $190 at UBS

UBS lowered the firm’s price target on Impinj (PI) to $155 from $190 and keeps a Neutral rating on the shares. Impinj guided Q1 well below Street estimates due to prolonged channel inventory burn and product obsolescence, particularly affecting large customers like UPS (UPS), the analyst tells investors in a research note. While numbers have reset lower, structural catalysts remain limited until food vertical adoption accelerates and retail recovery becomes clearer, UBS says.