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Napco Security price target lowered to $30 from $41 at Lake Street

Lake Street analyst Jaeson Schmidt lowered the firm’s price target on Napco Security (NSSC) to $30 from $41 and keeps a Buy rating on the shares after the company reported revenue and EPS below estimates, with softer equipment revenue driving the top line miss. The firm says it understands the dynamics that led to the fiscal Q2 miss, but adds that it is worried that these headwinds are likely to persist throughout FY25, “setting up this year to be a transition year from a growth perspective.”

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