B. Riley FBR analyst Christopher Van Horn lowered his price target for ShotSpotter to $50 from $59 and removed the shares from his firm's Alpha Generator list. The company has lowered their guidance over the past two quarters mainly due to the potential timing of new awards, Van Horn tells investors in a research note. The analyst, who continues to recognize that the "guidance reductions are challenging," remains bullish on shares of ShotSpotter. The timing for ShotSpotter's technology "can be lumpy" and the business that is delayed is likely to show up in 2020 and later in 2019, contends Van Horn. He reiterates a Buy rating on the name.