Unity price target lowered to $32 from $35 at Stifel

Stifel lowered the firm’s price target on Unity to $32 from $35 and keeps a Buy rating on the shares. Grow had its “worst quarter of the year revenue-wise” as the segment faced competitive headwinds related to the runtime fee announcement, notes the analyst, who adds that “significant changes are underway at Unity” after the company provided material updates on the effects of the company’s announced restructuring plan.