MediaAlpha price target lowered to $11 from $15 at JPMorgan

JPMorgan lowered the firm’s price target on MediaAlpha (MAX) to $11 from $15 and keeps an Overweight rating on the shares. The company missed its transaction value outlook in Q4, but beat on profit, the analyst tells investors in a research note. JPMorgan believes the shares offer “compelling value” at current levels, saying AI concerns over overblown.