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Vivid Seats price target lowered to $5 from $7 at Piper Sandler

Piper Sandler analyst Matt Farrell lowered the firm’s price target on Vivid Seats to $5 from $7 and keeps a Neutral rating on the shares. The firm notes Vivid Seats delivered June quarter results ahead of expectations, but the company lowered its full-year revenue and marketplace GOV guidance.

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