SoundThinking price target lowered to $16 from $19 at Citizens JMP

Citizens JMP lowered the firm’s price target on SoundThinking (SSTI) to $16 from $19 and keeps an Outperform rating on the shares. The company reported Q3 results that were largely below expectations due to three large deal push-outs and temporary sales execution challenges, the analyst tells investors in a research note. Despite the setbacks in the quarter, Citizens sees the potential for upside on multiple fronts, including the potential win back of the Chicago contract.