UPDATE: Jefferies Downgrades Tremor Video Following 3Q13 Results Below Guidance

Loading...
Loading...
In a report published Friday, Jefferies analyst Brian Pitz downgraded the rating on
Tremor VideoTRMR
from Buy to Hold, and lowered the price target from $13.00 to $8.00. In the report, Jefferies noted, “Tremor Video reported 3Q13 results below its guidance. Importantly, the company pulled down its FY revenue outlook by 7%, and is now expecting an adj. EBITDA loss. We are downgrading to a Hold, and lowering our PT to $8, as our thesis on TRMR's competitive positioning has changed.” Tremor Video closed on Thursday at $7.50.
Posted In: Analyst ColorDowngradesAnalyst RatingsBrian PitzJefferies
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...