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Impinj price target lowered to $130 from $140 at Piper Sandler
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Impinj price target lowered to $130 from $140 at Piper Sandler

Piper Sandler analyst Harsh Kumar lowered the firm’s price target on Impinj to $130 from $140 and keeps an Overweight rating on the shares. The company reported a March quarter that was mixed with guidance that was clearly below expectations, the analyst tells investors in a research note. However, the firm believes the current issues impacting the flat June quarter guide are transitory in nature. Piper’s confidence for growth in Q3 and Q4 "is unshaken."

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