OneSpan price target lowered to $15 from $17 at Rosenblatt

Rosenblatt lowered the firm’s price target on OneSpan (OSPN) to $15 from $17 and keeps a Buy rating on the shares post the Q3 report. The firm cites the company’s updated guidance and lower activity levels, especially on security product expansion and hardware, for the target cut. It sees a more cautious outlook for OneSpan given the revised forecasts and management comments.