B. Riley analyst Josh Nichols lowered the firm’s price target on Gauzy (GAUZ) to $14 from $15.50 and keeps a Buy rating on the shares following the Q3 report. The revenue shortfall was due to the timing of shipments in the Aeronautics segment being limited by production capacity, the analyst tells investors in a research note. However, the firm says management has added a second production shift and expects $4M of those initially scheduled Q3 shipments to be delivered in Q4.
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