Extreme Networks price target raised to $15 from $14 at B. Riley

B. Riley raised the firm’s price target on Extreme Networks to $15 from $14 and keeps a Buy rating on the shares. Extreme Networks reported Q3 earnings on Wednesday and its Q4 guidance was below consensus estimates, the analyst tells investors in a research note. The firm notes that 75% of excess channel inventories flushed out in Q3, and the remaining will be depleted in Q4.