Fathom Digital downgraded to Hold from Buy at Lake Street

Lake Street analyst Troy Jensen downgraded Fathom Digital to Hold from Buy with a price target of 70c, down from $4, after Fathom reported "disappointing" Q4 results. Lake Street believes sales restructuring efforts have "clearly not benefitted the company as of yet" and notes that its revised Q1 assumption calls for revenues to decline nearly 20% year-over-year and 15% quarter-over-quarter.