NerdWallet price target lowered to $16 from $18 at Barclays

Barclays lowered the firm’s price target on NerdWallet to $16 from $18 and keeps an Overweight rating on the shares. The analyst says consumer activity on NerdWallet remains robust with record monthly user growth, but demand from financial institutions across a number of product categories “continues to implode for obvious reasons given the rate environment.”