Caesarstone price target lowered to $6 from $7 at Benchmark

Benchmark analyst Reuben Garner lowered the firm’s price target on Caesarstone to $6 from $7 and keeps a Buy rating on the shares following “disappointing results to cap a particularly challenging” first half. While the firm notes that the company continues to call for an incrementally better back half, its lower price target reflects lower estimates and increased risks.