Kimball Electronics price target lowered to $23 from $25 at Lake Street

Lake Street analyst Jaeson Schmidt lowered the firm’s price target on Kimball Electronics to $23 from $25 and keeps a Buy rating on the shares. Revenue and EPS fell below estimates as the macro environment continues to create headwinds, the analyst tells investors in a research note. The company noted that the demand environment remains strained and that it has seen a more significant pullback in its end markets than originally anticipated, and it expects macro pressures to persist.