Corsair Gaming price target lowered to $14 from $17 at Barclays

Barclays lowered the firm’s price target on Corsair Gaming to $14 from $17 and keeps an Overweight rating on the shares. The Q2 results were not too surprising given the negative preannouncement, the analyst tells investors in a research note. The firm says lower gaming components and systems results again drove a miss due to destocking. However, it sees the model “relatively derisked after the recent selloff.”