Criteo price target lowered to $66 from $68 at Wells Fargo

Wells Fargo lowered the firm’s price target on Criteo (CRTO) to $66 from $68 and keeps an Overweight rating on the shares. The firm is expecting an in-line Q1 result and Q2 guidance, as checks indicate DR ad spending won’t be meaningfully affected by tariffs until late Q2 and F/X improved over the past 90 days. Wells is also reducing the second half of the year estimates despite better F/X on tariff risk.