B. Riley lowered the firm’s price target on Thryv Holdings (THRY) to $26 from $30 and keeps a Buy rating on the shares ahead of the Q1 report on May 1. The firm anticipates the results will be largely in line with consensus expectations. Given elevated uncertainty stemming from the evolving tariff landscape and weakening macro backdrop, investors will be focused on the fiscal 2025 outlook, the analyst tells investors in a research note. Riley acknowledges that significant tariffs would likely have negative downstream effects on Thryv’s customer base.
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