Emcore price target lowered to $1.30 from $1.50 at Northland

Northland lowered the firm’s price target on Emcore to $1.30 from $1.50 and keeps an Outperform rating on the shares following what the analyst calls “another challenging quarter.” Even with a reduced revenue outlook, the firm sees potential value in excess of the current roughly $40M enterprise value, the analyst tells investors.