LeddarTech price target lowered to $1 from $3 at Roth Capital

Roth Capital lowered the firm’s price target on LeddarTech (LDTC) to $1 from $3 and keeps a Buy rating on the shares. The firm believes LeddarTech’s differentiated automotive sensor fusion and perception software provides automotive customers with advanced functionality. The company’s early revenue progress is paired with increasing commercial customer engagement activity. Roth says it will look for incremental funding efforts to support continued product development and customer engagement efforts.