Emerald Holding price target raised to $8.40 from $7.20 at Rosenblatt

Rosenblatt raised the firm’s price target on Emerald Holding to $8.40 from $7.20 and keeps a Buy rating on the shares. The company reported a “seasonally small” Q3 that featured total growth close to projections, but trimmed 2023 guidance dye softness in advertising that is a sub 10% share of total revenue, the analyst tells investors in a research note. The firm says this looks “more like a hiccup than a lasting materiality.”