Truist lowered the firm’s price target on Trade Desk (TTD) to $50 from $60 and keeps a Buy rating on the shares. The company’s better than expected Q4 results were overshadowed by a soft Q1 guide, reflecting some operational inefficiencies and macro-induced weakness in Consumer Packaged Goods and Auto, a sentiment echoed by other companies this earnings season, the analyst tells investors in a research note.
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