UPDATE: J.P. Morgan Lowers Price Target on National Instruments to $32

According to J.P. Morgan, National Instruments

price target is lowered to $32. J.P. Morgan said that OW-National Instruments negatively preannounced its Dec-Q results. “We think the stock had mostly adjusted for a continued tough macro environment. NI remains well positioned for above peer revenue growth in 2012, in our view.” National Instruments closed yesterday at $26.37.