Akamai price target lowered to $95 from $105 at Scotiabank

Scotiabank lowered the firm’s price target on Akamai (AKAM) to $95 from $105 and keeps an Outperform rating on the shares. The company delivered a “tidy” Q2 beat and raised its top-line and profitability guidance, the analyst tells investors. The firm believes that the company must now prove to investors it can deliver by stringing multiple strong quarters together.