RumbleON price target lowered to $4 from $5 at DA Davidson

DA Davidson lowered the firm’s price target on RumbleON (RMBL) to $4 from $5 and keeps a Neutral rating on the shares after its Q4 results. The company reported sales that were below consensus as the powersports space remains difficult, and while unit declines were less severe than last quarter, the turnaround in powersports is expected to take some time, the analyst tells investors in a research note.