Susquehanna analyst James Friedman lowered the firm’s price target on Marqeta (MQ) to $7 from $9 and keeps a Positive rating on the shares. The firm said customers were hit by an unexpected regulatory requirement related to recordkeeping, which – when combined with other factors caused a reduction in Q4 guidance.
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Read More on MQ:
- Marqeta price target lowered to $5 from $7 at Morgan Stanley
- Wells Fargo downgrades Marqeta to Equal Weight, lowers price target to $5
- Marqeta downgraded to Equal Weight from Overweight at Wells Fargo
- Marqeta downgraded to Market Perform from Outperform at William Blair
- Marqeta downgraded to Sector Weight from Overweight at KeyBanc
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