Ziff Davis price target lowered to $52 from $62 at Citi

Citi lowered the firm’s price target on Ziff Davis to $52 from $62 and keeps a Neutral rating on the shares. The company announced it expects certain Q2 financial metrics will be below consensus estimates, alongside its separately announced convertible exchange agreement, the analyst tells investors in a research note. The firm says the Q2 headwinds leave it with more caution on the second half of 2024 outlook. It looks for more visibility into what the specific headwinds are and when they clear.