SEGG Media price target lowered to $15.50 from $20 at Noble Capital

Noble Capital lowered the firm’s price target on SEGG Media (SEGG) to $15.50 from $20 and keeps an Outperform rating on the shares after the company reported modest revenues and an operating loss for its Q3. The company’s venture to launch its All-Sports Arena in Boca Raton “appears to be stalled,” says the analyst, who cites the push out for the All-Sports facility for the firm’s lowered price target