Susquehanna analyst Christopher Rolland lowered the firm’s price target on Impinj (PI) to $200 from $255 and keeps a Positive rating on the shares. The firm said Impinj posted in-line results but significantly worse guidance due to a dramatic and largely unforeseen inventory build at its inlay partners.
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Read More on PI:
- Impinj price target lowered to $170 from $246 at Cantor Fitzgerald
- Impinj price target lowered to $175 from $255 at Needham
- Impinj downgraded to In Line at Evercore ISI on slower near term growth
- Impinj downgraded to In Line from Outperform at Evercore ISI
- Impinj price target lowered to $175 from $211 at Barclays
