Kornit Digital price target lowered to $34 from $48 at Barclays

Barclays analyst Tavy Rosner lowered the firm’s price target on Kornit Digital to $34 from $48 and keeps an Overweight rating on the shares. The company’s Q3 results were above estimates, driven by strong system and consumables sales. am its Q4 guidance was also broadly in line with the Street, Rosner tells investors in a research note. However, macro headwinds impacted the level of demand, says the analyst.