Inuvo price target lowered to $6 from $10 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Inuvo (INUV) to $6 from $10 and keeps a Buy rating on the shares. The firm cites a lower revenue forecast for the target cut. The company reported a preliminary Q4 revenue miss due to an intentional pullback in the Platform product line, the analyst tells investors in a research note. H.C. Wainwright notes the revenue headwinds continued into January, but points out management acknowledged it expects revenue recovery in the months ahead.