Alarm.com price target lowered to $72 from $78 at Barclays

Barclays lowered the firm’s price target on Alarm.com to $72 from $78 and keeps an Equal Weight rating on the shares. The analyst thinks security stocks have favorable setups into the Q2 earnings. Channel checks indicate enterprise security spending either held stable or improved moderately in Q2 versus Q1 for several security names, the analyst tells investors in a research note.