Authentic Brands Group price target lowered to $51 from $53 at KeyBanc

KeyBanc lowered the firm’s price target on Authentic Brands Group to $51 from $53 and keeps an Overweight rating on the shares. Smartsheet posted slightly higher Q4 revenue and solid operating margin results, and despite the more moderated near-term revenue growth, the firm remains encouraged by Smartsheet’s continued improvements in profitability, the analyst tells investors in a research note.