Citi lowered the firm’s price target on Ziff Davis to $90 from $100 and keeps a Neutral rating on the shares. The company reported Q4 results below consensus as revenue and adjusted EBITDA came in at the low end of guidance, with the difficult advertising market driving accelerating declines, the analyst tells investors in a research note.
Published first on TheFly
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Read More on ZD:
- Ziff Davis sees FY23 adjusted EPS $6.02-$6.54, consensus $7.15
- Ziff Davis reports Q4 adjusted EPS $2.26, consensus $2.36
- Dish’s Wireless Chief Commercial Officer Stephen Bye joins Board of Directors
- Ziff Davis initiated with an Equal Weight at Barclays
- Ziff Davis downgraded to Neutral from Overweight at JPMorgan