Trade Desk price target lowered to $60 from $83 at Scotiabank

Scotiabank lowered the firm’s price target on Trade Desk (TTD) to $60 from $83 and keeps a Sector Perform rating on the shares. There are “plenty of negatives” throughout the company’s print, the analyst tells investors. While the company experienced a rebound in Q1, which investors believed the company had ‘re-set’ expectations, this quarter brought the “hype back down to earth,” the firm adds.