zSpace price target lowered to $11 from $18 at Barrington

Barrington analyst Alexander Paris lowered the firm’s price target on zSpace (ZSPC) to $11 from $18 and keeps an Outperform rating on the shares. The company’s Q4 results and Q1 revenue guidance were below consensus estimates due to seasonality and uncertainty in end markets., the analyst tells investors in a research note. The firm cites slower industry conditions for the target cut.