RumbleON price target lowered to $5 from $5.50 at Wedbush

Wedbush lowered the firm’s price target on RumbleON (RMBL) to $5 from $5.50 and keeps an Outperform rating on the shares. The firm notes the company reported Q4 results that came in a bit below expectations on the top line but about in line on the bottom line with soft end market conditions persisting. Meanwhile, tariffs remain a distinct concern for this highly levered discretionary retailer, Wedbush adds.