TransAct Technologies price target lowered to $6 from $10 at Roth MKM

Roth MKM analyst Jeff Martin lowered the firm’s price target on TransAct Technologies to $6 from $10 and keeps a Buy rating on the shares. The company’s FST should be able to gain traction in the coming quarters and accelerate the pace of recurring revenue, but the elevator-down move in FST from the loss of 7-Eleven will weigh on shares until there is evidence of improved pipeline conversions for BOHA! terminals, the analyst tells investors in a research note.