Impinj price target lowered to $145 from $151 at Needham

Needham analyst James Ricchiuti lowered the firm’s price target on Impinj to $145 from $151 but keeps a Buy rating on the shares. The stock was "priced for perfection" going into its Q1 results and traded sharply lower on an earnings miss, though the firm remains in the "bull camp" based on new RFID use cases by leading retailers and a major logistics customer that is putting in RFID infrastructure across its enterprise to scale later this year and next, the analyst tells investors in a research note.