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Vivid Seats price target lowered to $12 from $23 at Canaccord

Canaccord lowered the firm’s price target on Vivid Seats (SEAT) to $12 from $23 and keeps a Hold rating on the shares. The firm said reported soft Q3 results, with GOV and revenue remaining under pressure amid a still challenging competitive environment, although management noted that there has been a “notable change” in competitive intensity in the last 6-8 weeks.

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