Canaccord lowered the firm’s price target on Impinj to $100 from $110 and keeps a Buy rating on the shares. The firm said due to retail inventory destocking that started to impact Impinj’s business late in Q2, combined with softer-than-anticipated retail demand, Q4 results will be adversely impacted by the ongoing inventory reduction.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PI:
