Lake Street lowered the firm’s price target on Napco Security (NSSC) to $28 from $30 and keeps a Buy rating on the shares. Napco had attributed the fiscal Q2 miss primarily to temporary headwinds at two large distributors and since that time the firm thinks the macro environment has remained soft and likely continued to create headwinds, says the analyst, who is lowering estimates to better reflect the challenging macro backdrop.
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