Boxlight price target lowered to $3 from $6 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Boxlight to $3 from $6 and keeps a Buy rating on the shares. The company’s Q3 revenue was disappointing, but a potential revenue inflection point is coming in Q4, the analyst tells investors in a research note. The firm believes the education technology space should continue to benefit from favorable secular trends, which should drive incremental demand for the next several years.