StubHub price target lowered to $12 from $20 at Oppenheimer

Oppenheimer analyst Jason Helfstein lowered the firm’s price target on StubHub (STUB) to $12 from $20 and keeps an Outperform rating on the shares on valuation and derisked model, though back half weighted. While investors will want to see at least one quarter of beat and raise, stock likely washed out, Oppenheimer argues.