Jerash Holdings price target lowered to $6 from $8 at Lake Street

Lake Street analyst Mark Argento lowered the firm’s price target on Jerash Holdings to $6 from $8 and keeps a Buy rating on the shares after the company reported Q4 results below expectations. Order pushouts impacted the top line and Jerash’s business is “in a holding pattern as its customers remain cautious,” particularly on higher-end products, the analyst tells investors.