Cars.com price target lowered to $26 from $27 at B. Riley

B. Riley analyst Naved Khan lowered the firm’s price target on Cars.com to $26 from $27 and keeps a Buy rating on the shares. The company’s Q2 results were slightly below Street expectations, largely reflecting slower than expected growth in Accu-Trade as well as the loss of legacy solutions contracts in D2C Media, the analyst tells investors in a research note. The firm says the stock’s risk/reward remains attractive amid reset expectations.