Inseego price target lowered to $16 from $20 at TD Cowen

TD Cowen lowered the firm’s price target on Inseego (INSG) to $16 from $20 and keeps a Hold rating on the shares. The firm said they posted another strong quarter with revenue and EBITDA well ahead of guidance and up smartly year-over-year. But a soft 4Q revenue guide heightens concerns around the outlook for growth over the mid-to-longer term.