Lake Street lowered the firm’s price target on Tremor International to $8 from $10 and keeps a Buy rating on the shares. Tremor guided down for 2023 due to the challenging macro and reduced spend for brand-oriented ads, the analyst tells investors in a research note.
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Read More on TRMR:
- Tremor International cuts FY23 revenue view to $320-$330M from $400M
- Tremor International reports Q2 EPS 6c, consensus 16c
- Tremor International price target lowered to $4.50 from $7.50 at Stifel
- Tremor International price target lowered to $8 from $11 at RBC Capital
- Tremor International price target lowered to $12 from $20 at JMP Securities