TD Cowen analyst Lance Vitanza lowered the firm’s price target on Kore Group to $4.00 from $4.75 and keeps an Outperform rating on the shares. The firm said 2Q results missed their expectations as the drag from difficult comps and 2G / 3G sunset were higher than they had anticipated.
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Read More on KORE:
- Kore Group price target lowered to $1.50 from $2.50 at Deutsche Bank
- Kore Group backs 2023 revenue view $300M-$310M, consensus $299.15M
- Kore Group reports Q2 EPS (24c), consensus (9c)
- KORE Reports Second Quarter 2023 Results; Maintains 2023 Revenue and Adjusted EBITDA Guidance
- Kore Group price target lowered to $7.50 from $12.00 at Northland
