inTEST price target lowered to $8 from $10 at Lake Street

Lake Street lowered the firm’s price target on inTEST (INTT) to $8 from $10 and keeps a Buy rating on the shares. The firm was “admittedly surprised by the softer results and the pulled 2025 guidance,” but does not believe there has been any significant change in the company’s competitive position or long-term growth opportunities, the analyst tells investors. 2025 will be a transition year, but the firm is “encouraged by management’s prudent actions” to manage operating expenses and their confidence in incremental improvement in the second half, the analyst added.