Bumble price target lowered to $5 from $6.50 at UBS

UBS analyst Chris Kuntarich lowered the firm’s price target on Bumble (BMBL) to $5 from $6.50 and keeps a Neutral rating on the shares. While Bumble’s tactical implementation of their strategy appears modestly more refined, UBS continues to lack confidence in when the collective impact of these initiatives will return Bumble to year over year growth, the analyst tells investors in a research note.