Lantronix price target lowered to $6 from $7 at Lake Street

Lake Street lowered the firm’s price target on Lantronix (LTRX) to $6 from $7 and keeps a Buy rating on the shares after the company reported revenue and EPS below estimates. While “disappointed” in the results and outlook, the firm notes that it likes the acquisition of DZS’s Netcomm Enterprise IoT portfolio as it thinks it “fits nicely with the current product portfolio and comes at an attractive price.”