LightPath Technologies is trading 10.28% down at $10.07 after the U.S. Army broadened supplier discussions for its Next Generation Short Range Interceptor, potentially delaying the expected production decision and increasing competition.
- Canaccord Genuity lowered its price target to $15.50 from $16.50 while retaining a Buy rating.
- The defense-program uncertainty follows an 18.56% decline on August 28.
- Geopolitical tensions, higher oil prices, and hawkish Federal Reserve messaging are pressuring industrial stocks, with XLI down 2.01%.