Kornit Digital price target lowered to $42 from $50 at Citi

Citi analyst Jim Suva lowered the firm’s price target on Kornit Digital to $42 from $50 and keeps a Buy rating on the shares. The analyst expects 2023 to be a transition year and for investors to become more positive on Kornit shares. Kornit just announced its second round of restructuring this year and, importantly, 2023 is likely to transition to second half growth, Suva tells investors in a research note.