Napco Security downgraded to Hold from Buy at Lake Street

Lake Street analyst Jaeson Schmidt downgraded Napco Security (NSSC) to Hold from Buy with a price target of $26, down from $28. While the firm thinks Napco’s revenues were “better than feared” given the challenging current backdrop and does not believe there has been a significant change in Napco’s long-term growth opportunities or position in the market, it thinks shares will likely remain range-bound at current levels until there is better visibility into stabilization.