Teads downgraded to Market Perform from Outperform at Citizens JMP

Citizens JMP downgraded Teads (TEAD) to Market Perform from Outperform without a price target The company’s Q3 results came in below expectations, as the merger and integration of Teads and Outbrain “continue to present significant operational challenges,” the analyst tells investors in a research note. The firm says visibility into when the company’s revenue trends may stabilize remains limited.