B. Riley lowered the firm’s price target on Universal Electronics (UEIC) to $3.50 from $5 and keeps a Neutral rating on the shares. Universal Electronics reported Q3 results showing a sales shortfall, with Q4 guidance indicating a faster decline, including potential negative year-over-year performance in the HVAC/HASH segment, the analyst tells investors in a research note. Despite expansion opportunities in multifamily residential and security, overall guidance reflects ongoing pressure from the reaccelerating secular decline in the home entertainment business and softer average selling price trends in HVAC/HASH, B. Riley says.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UEIC:
- Universal Electronics Inc. Earnings Call: Mixed Sentiments and Strategic Shifts
- Universal Electronics Inc. Reports Q3 2025 Financial Results
- Universal Electronics Extends Share Repurchase Program
- Universal Electronics reports Q3 adjusted EPS 8c vs 10c last year
- Universal Electronics sees Q4 adjusted EPS 1c-11c