VirTra price target lowered to $9.50 from $12.50 at Roth MKM

Roth MKM lowered the firm’s price target on VirTra (VTSI) to $9.50 from $12.50 and keeps a Buy rating on the shares. The company’s Q4 revenues were “well below” expectations as strong bookings came too late to defend recognized revenues, and while this resulted in strong backlog build, the revenue pressure led to negative adjusted EBITDA, the analyst tells investors in a research note.