Chegg price target lowered to $13 from $18 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Chegg to $13 from $18 and keeps a Buy rating on the shares ahead of the Q3 earnings report. Credit card and app download data have improved significantly in the U.S. from the Spring and Summer months but were still down y/y in the key month of September, while trends appear to be very strong outside of the U.S. and for Busuu, the analyst tells investors in a research note.