iCAD price target lowered to $2.50 from $5 at Lake Street

Lake Street lowered the firm’s price target on iCAD to $2.50 from $5 and keeps a Buy rating on the shares after the company announced Q4 results. "Clearly, things have not gone well for iCAD over the prior 1.5 years" and while the situation comes with risks, "we are hopeful we are reaching rock bottom," said Lake Street, which adds that it is "hopeful with the new management and board reorganization the company can execute on its primary initiatives."