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Magnite price target lowered to $25 from $28.50 at B. Riley

B. Riley lowered the firm’s price target on Magnite (MGNI) to $25 from $28.50 and keeps a Buy rating on the shares. The company’s strong Q3 results but its Q4 outlook shows DV+ headwinds, the analyst tells investors in a research note. The firm sees a favorable risk/reward at current share levels.

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