Macquarie analyst Tim Nollen yesterday lowered the firm’s price target on Getty Images to $5 from $7 and keeps a Neutral rating on the shares. Getty’s Q2 results were “disappointing” as both its Creative and Editorial divisions were impacted by the downturn in demand from advertising agencies, the analyst tells investors in a research note. The firm reduced estimates post the earnings print.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GETY:
- Getty Images upgraded to Outperform from In-Line at Imperial Capital
- Getty Images falls -11.2%
- Getty Images price target lowered to $7 from $8 at Benchmark
- Getty Images (NYSE:GETY) Plummets on Big Q2 Miss
- Getty Images reports Q2 EPS (1c), consensus 4c
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue