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. “Google rug-pulling SEO sites is a tale as old as time in consumer internet,” but NerdWallet is doing a good job of managing through this traffic hit with additional performance marketing, the analyst tells investors in a research note. “This is obviously disappointing for shareholders but a salvageable issue,” says the firm.