Fluent price target lowered to $3.50 from $4 at Canaccord

Canaccord lowered the firm’s price target on Fluent (FLNT) to $3.50 from $4 and keeps a Hold rating on the shares. The firm said they reported mixed Q4 results, with both revenue and profitability coming in modestly below expectations and while growth across Commerce Media Solutions Business remains encouraging, with an outlook weighted toward the back half of the year and an uncertain financial position in the near-term as the company may need to raise additional capital.