B. Riley analyst Anderson Schock downgraded Spok (SPOK) to Neutral from Buy with a price target of $14, down from $21, following the Q4 report. The company’s peer multiples have compressed, with Spok trading roughly in line with peers, the analyst tells investors in a research note. Riley says the company’s margins and growth profile “sit well below peer averages,” coating limited share upside from current levels.
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