Alpha & Omega price target lowered to $28 from $35 at Benchmark

Benchmark lowered the firm’s price target on Alpha & Omega to $28 from $35 and keeps a Buy rating on the shares following the company’s in-line fiscal Q2 results and “unsurprisingly” softer Q3 outlook. Signs of a bottoming have emerged and the company is optimistic for a rebound in the second half, the analyst noted.