Lake Street analyst Jaeson Schmidt lowered the firm’s price target on Kimball Electronics (KE) to $21 from $23 and keeps a Buy rating on the shares following mixed results and FY25 guidance being lowered. While “disappointed” in the top line weakness, the firm is encouraged to see the company continue to exercise strong operating expense control and drive EPS outperformance.
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Read More on KE:
- Kimball Electronics: Strategic Repositioning Amidst Revenue Decline
- Kimball Electronics’ Earnings Call: Challenges and Strengths
- Kimball Electronics reports Q2 adjusted EPS 29c, consensus 22c
- Kimball Electronics cuts FY25 revenue view to $1.4B-$1.44B, consensus $1.49B
- KE Earnings this Week: How Will it Perform?