Fly News Breaks for August 6, 2019
Aug 6, 2019 | 07:11 EDT
Canaccord analyst Jed Dorsheimer lowered his price target on nLight to $18 from $28 following its inline Q2 results and lowered guidance. The guidance was not shocking given the recent commentary surrounding China that other industry participants have reported. In addition to China weakness, price competition is intense in lower power lasers so investors should focus on the longer-term opportunity for the company. Dorsheimer maintained his Buy rating on nLight shares.
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