Trade Desk price target lowered to $32 from $35 at Evercore ISI

Evercore ISI analyst Mark Mahaney lowered the firm’s price target on Trade Desk (TTD) to $32 from $35 and keeps an Outperform rating on the shares. Publicis (PUBGY) no longer recommends Trade Desk, citing a compliance and billing audit issue, and while the relationship facing significant challenges is impacting the stock negatively, the firm thinks the reaction “may be overblown given the financial implications,” the analyst tells investors.