Boxlight price target lowered to $9 from $12 at Maxim

Maxim lowered the firm’s price target on Boxlight to $9 from $12 but keeps a Buy rating on the shares. The company’s Q2 results were “mixed”, but despite the near-term growth headwinds, the firm remains encouraged by Boxlight’s continued market share gains in the U.S. at 6.4%, up form 5.8% in the first half of last year, and EMEA at 5.8%, up from 5.5% in the first half of last year, the analyst tells investors in a research note.