Getty Images price target lowered to $7 from $8 at Benchmark

Benchmark lowered the firm’s price target on Getty Images to $7 from $8 and keeps a Buy rating on the shares. Though Getty’s Q3 topline was relatively in-line, Q4 guidance missed the firm’s expectations “materially,” says the analyst. Based on current visibility, Getty expects strike-related headwinds to begin to subside in Q1, with full dissipation in Q2, and the firm is “cautiously optimistic” Agency weakness will trough in Q4 with modest improvement beginning in Q1, the analyst tells investors.