DA Davidson lowered the firm’s price target on iMedia Brands to $1 from $11 but keeps a Buy rating on the shares after its Q4 results and below-consensus guidance. The price target change reflects a decrease in the fimr’s near-term and long-term operating forecasts for the company as well as a higher modeled discount rate of 33% vs. 25% prior.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on IMBI:
- iMedia Reports Fourth Quarter 2022 and Full-Year 2022 Results
- iMedia Brands sees Q1 revenue $105M, consensus $156.08M
- iMedia Brands reports Q4 EPS (82c) vs. (27c) last year
- Notable companies reporting before tomorrow’s open
- iMedia Brands Moves Its Fourth Quarter and Full-Year 2022 Call and Webcast to Wednesday, April 12, 2023, at 8:30 a.m. ET