Ribbon Communications price target lowered to $6 from $7.50 at B. Riley

B. Riley analyst Dave Kang lowered the firm’s price target on Ribbon Communications (RBBN) to $6 from $7.50 and keeps a Buy rating on the shares. The company reported a Q1 miss, mainly due to federal and enterprise programs that were pushed out to Q2, the analyst tells investors in a research note. The firm says that despite the revenue miss, Ribbon’s orders were strong. For the stock to climb higher, Riley believes management needs to improve execution on a consistent basis.