Craig-Hallum analyst Greg Palm downgraded Faro Technologies to Hold from Buy and lowered his price target to $44 from $65. In a research note to investors, Palm cited increasing risks to the company's near term growth and margin targets for his downgrade. Specifically, he sees a more challenging macro environment, especially in core automotive and general industrial end markets, increased competition which is starting to impact Construction BIM segment results, and additional costs associated with the GSA investigation which could also prove to be a near term overhang.