JMP Securities Maintains Outperform on Tremor Intl, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone has maintained an Outperform rating on Tremor International (NASDAQ:TRMR) but has reduced the price target from $12 to $11.
November 24, 2023 | 2:22 pm
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NEUTRAL IMPACT
JMP Securities reaffirms an Outperform rating on Tremor International but lowers the price target from $12 to $11, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of an Outperform rating suggests that JMP Securities still has a positive view on Tremor International's prospects. However, the reduction in the price target could reflect a minor adjustment in growth expectations or a response to market conditions. This news is likely to be viewed neutrally by investors as the positive rating is retained, but the price target reduction may temper some expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100