Luminar price target lowered to $18 from $19 at R.F. Lafferty

R.F. Lafferty analyst Jaime Perez lowered the firm’s price target on Luminar to $18 from $19 and keeps a Buy rating on the shares after the company reported a non-GAAP loss per share for Q2 that was not as bad as the consensus forecast and generated revenues that beat consensus. The firm’s lower price target is the result of a higher share count, the analyst noted.