NerdWallet price target lowered to $17 from $19 at Truist

Truist lowered the firm’s price target on NerdWallet (NRDS) to $17 from $19 and keeps a Buy rating on the shares after its “mixed” Q2 results featuring a revenue miss. Change in platform partner intra-quarter caused a slowdown in Insurance revenue and drove a slight miss to the top line, while better cost management drove a bottom line beat, the analyst tells investors in a research note. Performance in other segments remained relatively consistent from Q1 however, with Banking as a bright spot, the firm added.