Intrusion price target lowered to $1 from $1.50 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on Intrusion to $1 from $1.50 and keeps a Neutral rating on the shares post the Q2 report. The company’s new revenue is starting to materialize, but its balance sheet is still an issue, the analyst tells investors in a research note. The firm says ongoing balance sheet headwinds give it “considerable pause in getting more constructive on INTZ shares.”