AEye price target lowered to $2 from $8 at Roth MKM

Roth MKM analyst Suji Desilva lowered the firm’s price target on AEye (LIDR) to $2 from $8 but keeps a Buy rating on the shares after its Q4 results and guidance. The company guided to a softer than expected ramp, reflecting adjustment of manufacturing plans nearer-term, but the firm is "encouraged" by AEye’s traction with automotive partner Continental (CTTAY) and expects progress across the six active engagements for the company, the analyst tells investors in a research note.