Airgain price target lowered to $9 from $12 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Airgain (AIRG) to $9 from $12 and keeps a Buy rating on the shares. The firm says the company is navigating through a weaker environment as December quarterly revenues were impacted by continued excess channel inventory and project delays and the March guide was below the Street. Craig-Hallum notes two IoT projects were delayed during the quarter but management continues to highlight shipments of their AirgainConnect Fleet and Wi-Fio 7 antennas during the quarter.