Lantronix price target lowered to $5 from $6 at Lake Street

Lake Street lowered the firm’s price target on Lantronix (LTRX) to $5 from $6 and keeps a Buy rating on the shares after the company reported revenue and EPS in line with estimates and guidance. However, the company guided for fiscal Q3 revenue and non-GAAP EPS that was below expectations, notes the analyst, who thinks the softer guidance is “entirely due to Gridspertise.”