UPDATE: Wedbush Lowers Price Target on Smith Micro to $1.50

According to Wedbush, Smith Micro

price target is lowered to $1.50. Wedbush said that it would continue to remain on the sidelines given weak pre-announcement of Q3 revenue, suspended revenue guidance, and general lack of visibility. “Maintain NEUTRAL and reducing our PT to $1.50 from $3.” Smith Micro closed yesterday at $1.44.