Kimball Electronics price target raised to $28 from $21 at Lake Street

Lake Street raised the firm’s price target on Kimball Electronics (KE) to $28 from $21 and keeps a Buy rating on the shares after the company reported revenue and EPS above estimates in what the firm calls a “strong finish to the year.” While “disappointed” that FY26 will represent the third consecutive year of a declining top line, the firm believes revenue headwinds do not reflect “any meaningful share loss or changes in the long-term growth opportunities,” the analyst tells investors.