Life360 downgraded to Hold from Buy at Stifel

Stifel downgraded Life360 (LIF) to Hold from Buy with an unchanged $92 price target as part of a broader research note previewing Q3 results in e-commerce. The fundamentals and where the business is headed, and trends remain positive for the company, with third-party data showing healthy monthly active user growth in U.S. and abroad, but expectations on the timing of upcoming growth initiatives around advertising, pet tracking, and elder care have run a little ahead of when the firm expects these initiatives to materialize, the analyst tells investors in a research note.