Criteo price target lowered to $38 from $50 at Susquehanna

Susquehanna analyst Shyam Patil lowered the firm’s price target on Criteo (CRTO) to $38 from $50 and keeps a Neutral rating on the shares. The firm updaed its model to better reflect the expenses associated with a companywide internal CRTO event taking place in 2Q.