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Trade Desk price target lowered to $74 from $90 at Stifel

Stifel lowered the firm’s price target on Trade Desk (TTD) to $74 from $90 and keeps a Buy rating on the shares as part of the firm’s digital ads Q4 preview. The firm expects “relatively solid” Q4 results, but believes the Q1 guidance “might be a bit lackluster” given tough comps, the analyst says in the preview.

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