MNTN price target lowered to $19 from $23 at Citizens

Citizens lowered the firm’s price target on MNTN (MNTN) to $19 from $23 and keeps an Outperform rating on the shares. MNTN reported better-than-expected profitability in Q1 with a meaningful EBITDA beat and modest revenue upside, while providing slightly conservative near-term revenue guidance but reaffirming full-year expectations, suggesting a more second-half-weighted growth profile with continued execution in its performance advertising model, the analyst tells investors in a research note.