Vizio price target lowered to $17 from $21 at Stephens

Stephens lowered the firm’s price target on Vizio to $17 from $21 and keeps an Overweight rating on the shares following the company’s Q4 report. Active accounts and shipments beat consensus, but Platform+ revenues came in below consensus due to industry-wide ad spend weakness in December and softening homescreen promotional demand from streaming services, the analyst tells investors. Looking to Q1, Vizio guided to adjusted EBITDA below consensus, but Stephens notes that the company is "historically conservative" guiding on this metric.