Skillz price target lowered to $1.25 from $1.50 at Stifel

Stifel analyst Drew Crum lowered the firm’s price target on Skillz to $1.25 from $1.50 and keeps a Buy rating on the shares following its Q4 results. Skillz Q4 AEBITDA loss was narrowed to less than -$10M, beating the firm’s forecast for a $44M loss. This beat reflected a meaningful reduction to sales and marketing spending. Stifel continues to expect improved fundamentals going forward, notably reduced losses.