Fathom price target lowered to $8 from $15 at DA Davidson

DA Davidson analyst Tom White lowered the firm’s price target on Fathom to $8 from $15 but keeps a Buy rating on the shares. The company’s Q3 results were "mixed", but the management is taking decisive steps to weather the broader downturn in the housing market in order to achieve free cash flow breakeven by Q3 of next year, the analyst tells investors in a research note.