Knowles price target lowered to $19 from $20 at Susquehanna

Susquehanna analyst Christopher Rolland lowered the firm’s price target on Knowles (KN) to $19 from $20 and keeps a Neutral rating on the shares. The firm said they posted slightly better results and guidance as Precision Devices (PD) drives most of the upside in the company’s outlook. Baird said the company expects modest sequential growth driven by Defense and MedTech, while Industrial and Electrification are expected to trend flat sequentially into 4Q.