Kornit Digital price target lowered to $21 from $28 at Barclays

Barclays analyst Tavy Rosner lowered the firm’s price target on Kornit Digital to $21 from $28 and keeps an Equal Weight rating on the shares. The company’s Q3 revenues were broadly in line but 4Q guidance missed estimates, with the macro environment continuing to weigh on new systems sales, the analyst tells investors in a research note. The firm believes “it is too soon to talk about an inflection point.”