Impinj price target lowered to $220 from $235 at Roth Capital

Roth Capital lowered the firm’s price target on Impinj (PI) to $220 from $235 but keeps a Buy rating on the shares. The company’s Q4 matched upwardly revised expectations, but Q1 offered another inventory induced shortfall, the analyst tells investors in a research note. Roth adds however that the logistics market headwinds are expected to be short lived with weeks of inventory and a potential second-half recovery.