As previously reported, Stifel analyst Michael Hoffman downgraded Sharps Compliance to Hold from Buy after the company reported "another noisy quarter," noting that its lower than expected Q3 results were impacted by slower growth in key segments and additional unplanned costs. He feels that the company has attractive market opportunities, but that its revenue and profit growth have not come at the consistent repeatable pace or level needed to support a valuation materially above the current share price, Hoffman tells investors. He lowered his price target on Sharps to $4 from $6.