Craig-Hallum lowered the firm’s price target on Flux Power to $7 from $10 and keeps a Buy rating on the shares. Flux Power reported Q3 results below expectations, reflecting the push-out of delivery timing and order activity due to headwinds, the analyst tells investors in a research note. The near-term headwinds do not dampen Flux’s long-term prospects with it a market leader and the adoption of lithium-ion battery systems at early stages in material handling and airport ground support equipment, Craig-Hallum says.
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