VirTra price target lowered to $7 from $10 at Lake Street

Lake Street lowered the firm’s price target on VirTra (VTSI) to $7 from $10 and keeps a Buy rating on the shares after the company reported revenue and EPS below estimates. VirTra did not provide guidance, but noted the challenging federal funding environment that will impact the near term, notes the analyst, who is “disappointed in the softer results,” but does not believe they “should come as a complete shock to investors given the well-publicized changes occurring throughout the federal government.”