Gogo price target lowered by $1.25 at Roth MKM, here’s why

Roth MKM analyst Scott Searle lowered the firm’s price target on Gogo to $17.50 from $18.75 and keeps a Buy rating on the shares. The firm came away from a fireside chat with Gogo management more positive about the next-gen product cycles, competitive position and long-term opportunity, but feels near-term upgrade capacity issues could pose some challenges, the analyst tells investors in a research note.