UPDATE: J.P. Morgan Lowers Price Target on National Instruments to $33

According to J.P. Morgan, National Instruments NATI price target is lowered to $33. J.P. Morgan said that NI reported a mixed 3Q and guided to a below seasonal 4Q. “We maintain our Overweight rating but lower our Dec-12 price target to $33 from $36.50 previously.” National Instruments closed yesterday at $26.40.