Goldman Sachs downgraded Impinj to Neutral from Buy with an unchanged price target of $156. The analyst cites valuation for the downgrade given the stock’s recent outperformance vis-a-vis its coverage universe. The firm awaits signs of an acceleration in RAIN RFID adoption outside of the traditional retail apparel market before once again turning positive on the stock.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PI: