NerdWallet price target lowered to $19 from $20 at Truist

Truist lowered the firm’s price target on NerdWallet to $19 from $20 and keeps a Buy rating on the shares. The company’s weak Q4 results reflect material headwinds from higher rates and tighter underwriting policies across several of its offerings, including credit cards and consumer loans, the analyst tells investors in a research note. Truist adds however that the firm is positive on the stock given its compelling valuation, broad product portfolio, organic traffic and growing brand awareness.