Alpha & Omega price target lowered to $35 from $40 at Benchmark

Benchmark lowered the firm’s price target on Alpha & Omega to $35 from $40 and keeps a Buy rating on the shares. Fiscal Q1 results were about as expected and the outlook missing expectations was due to “an understandably tempered outlook,” notes the analyst, who thinks the cautiously prudent guidance was “better than feared given the pessimistic views expressed by peers last week.”