Skillz price target lowered to $6.50 from $7 at Jefferies

Jefferies lowered the firm’s price target on Skillz to $6.50 from $7 and keeps a Hold rating on the shares. The analyst sees “fundamental limits” to the current Skillz model that it says has yet to attract new hit games to the platform. The company’s paying monthly active users from existing titles continues to decline, the analyst tells investors in a research note.