Ike's first-quarter trading update came in weaker than expected. (Image: IkeGPS)Bell Potter has downgraded IkeGPS after the technology company’s first-quarter trading update came in weaker than expected.The dual-listed utility pole assessment technology firm on Wednesday said first-quarter subscription revenue rose by 27% from a year earlier to $5.3 million.That was offset by weakness in transaction revenues, Bell Potter analyst Michael Ardrey said in a research note, adding that they “continue to look challenged in the near term”.Bell Potter reduced its target price on Ike to $1.08 from around $1.21 foll...