B. Riley lowered the firm’s price target on Stagwell (STGW) to $9 from $10 and keeps a Buy rating on the shares. Stagwell should report “respectable” Q3 results, driven by seasonal acceleration patterns, successful AI implementation, and robust new business momentum, the analyst tells investors in a research note. The price target reduction reflects ongoing headwinds and an anticipated slower pace of acquisitions.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STGW: