BMO Capital lowered the firm’s price target on Snap One to $11 from $12 and keeps a Market Perform rating on the shares. While the stock’s valuation is "not challenging", the company’s next 6-12 months may be difficult, with key issues coming from project delays/descoping as well as inventory destocking, the analyst tells investors in a research note. BMO adds that an uncertain macro backdrop also keeps the firm on the sidelines.
Published first on TheFly
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