NanoString price target lowered to $5 from $10 at Canaccord

Canaccord lowered the firm’s price target on NanoString to $5 from $10 and keeps a Buy rating on the shares. The firm said NanoString believes its expected profitability in 2025 will provide it with a broader menu of financing options for when the notes come due and although legal uncertainty remains, Canaccord believes the company should continue its solid performance.