eToro price target lowered to $60 from $65 at Keefe Bruyette

Keefe Bruyette analyst Kyle Voigt lowered the firm’s price target on eToro (ETOR) to $60 from $65 and keeps a Market Perform rating on the shares. eToro had a “noisy” quarter, with adjusted EBITDA that was above the firm’s estimate, driven primarily by higher fee capture, which may be viewed as somewhat “lower quality,” the analyst tells investors in a research note.