nLight price target lowered to $15 from $17 at Benchmark

Benchmark lowered the firm’s price target on nLight (LASR) to $15 from $17 and keeps a Speculative Buy rating on the shares. nLight’s reported non-GAAP net loss was greater than expected and overall lower Q4 revenue was due to several factors, notes the analyst, who notes that the company guided to similar sales in the March quarter with some margin improvements.