Kornit Digital price target lowered to $31 from $33 at Needham

Needham lowered the firm’s price target on Kornit Digital to $31 from $33 but keeps a Buy rating on the shares after its Q2 results. The company saw encouraging momentum out of the ITMA Show in June, but demand remains muted for its systems as customers hold off purchasing new equipment in the current uncertain economic environment, the analyst tells investors in a research note.