TransAct Technologies price target lowered to $7.50 from $9 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on TransAct Technologies to $7.50 from $9 and keeps a Buy rating on the shares. The firm notes the stock traded down over 20% on reduced guidance that was driven by the loss of a large FST customer, which is the growth segment for the company. While Craig-Hallum believes the near-term financial pain justified a hit to the share price, the company remains in a special situation and the stock is now on sale.