Impinj price target lowered to $140 from $155 at Canaccord

Canaccord analyst T. Michael Walkley lowered the firm’s price target on Impinj to $140 from $155 and keeps a Buy rating on the shares. The analyst said based on the growth potential for RAIN RFID adoption, we reiterate our rating. However, due to the timing of some large projects pushed a few months, we have lowered our estimates and reduced our price target.