Morgan Stanley analyst Greg Parrish lowered the firm’s price target on Advantage Solutions (ADV) to $2 from $4.50 and keeps an Equal Weight rating on the shares. Advantage missed Q1 expectations and with continued headwinds near-term, the firm sees a lack of upside catalysts in 2025 for the stock, the analyst tells investors. The firm is lowering its 2025 adjusted EBITDA estimate by 4%, the analyst noted.
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Read More on ADV:
- Advantage Solutions Faces Challenges Amidst Macroeconomic Pressures and Labor Market Strains; Hold Rating Maintained
- Advantage Solutions price target lowered to $2.50 from $3.50 at Canaccord
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