Canaccord analyst Aravinda Galappatthige downgraded VerticalScope to Speculative Buy from Buy with a price target of C$6.50, down from C$11, ahead of the company reporting its Q1 results on Thursday, May 11. The firm’s surveillance of advertising conditions, including insights from recently reported companies, suggests further downside and Canaccord has reduced its forecasts for Q1 while also moderating Q2 expectations "to be conservative."
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