SmartRent price target lowered to $1.60 from $2 at Keefe Bruyette

Keefe Bruyette analyst Ryan Tomasello lowered the firm’s price target on SmartRent (SMRT) to $1.60 from $2 and keeps a Market Perform rating on the shares. Keefe remains on the sidelines pending greater visibility, the analyst tells investors in a research note.