Maxim analyst Matthew Galinko lowered the firm’s price target on Flux Power to $6 from $9 and keeps a Buy rating on the shares. The company’s Q3 revenue decline shows slow near-term demand, but Flux Power is hiring experienced sales reps, investing in marketing, expanding distribution, and working to diversify its end market and customer base, which should begin to impact FY25 results, the analyst tells investors in a research note.
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