Craig-Hallum lowered the firm’s price target on Integral Ad Science (IAS) to $16 from $18 and keeps a Buy rating on the shares. The firm notes the company saw increased volatility as Q3 progressed, which was the result of several marketers in CPG and retail pulling back on campaigns. Whether or not this is timing related remains to be seen, but the result is disappointing given the strong path Integral Ad Science was executing along, Craig-Hallum adds.
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Read More on IAS:
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