Markforged price target lowered to 50c from $1 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Markforged to 50c from $1 and keeps a Hold rating on the shares following the quarterly results. The $25M cost reduction plan will be well received but the firm doesn’t see “excitement” excited until there is more confidence for profitable growth, the analyst tells investors in a research note.