Canaccord analyst Maria Ripps lowered the firm’s price target on Nexxen (NEXN) to $11 from $12 and keeps a Buy rating on the shares. The firm updated its model following mixed Q4 results where Contribution ex-TAC was within the guidance range but declined in the MSD year-over-year amid a difficult political comp and reduced spending from one DSP customer, while profitability was modestly above expectations.
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