Integral Ad Science price target lowered to $12.50 from $13.50 at Morgan Stanley

Morgan Stanley analyst Matthew Cost lowered the firm’s price target on Integral Ad Science (IAS) to $12.50 from $13.50 and keeps an Equal Weight rating on the shares. The firm is lowering estimates “across the board” for its North American internet stock coverage as it details macro and tariff impacts to e-commerce and digital ads.