ShotSpotter price target lowered to $45 from $50 at Baird

Baird analyst William Power lowered the firm’s price target on ShotSpotter to $45 from $50 and keeps an Outperform rating on the shares. The analyst said they reported solid overall Q3 results, though some revenue was shifted from Q3 to Q4 due to contract timing and he remains encouraged with the broader trends, aided by what continues to be a strong public safety funding environment, along with continued margin expansion.