Barclays lowered the firm’s price target on Ubiquiti (UI) to $222 from $236 and keeps an Underweight rating on the shares. The company’s results came in higher than expected, driven by Enterprise Technology considerably above estimates, the analyst tells investors in a research note. However, the firm says Ubiquiti saw margin weakness due to higher shipping costs and tariff related charges. It expects further margin erosion moving forward with President Trump’s China tariffs that began this month.
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