MediaAlpha price target lowered to $26 from $30 at Canaccord

Canaccord lowered the firm’s price target on MediaAlpha (MAX) to $26 from $30 and keeps a Buy rating on the shares. The firm previewed its quarter and while Q4 results and Q1 guidance will likely be robust given the industry backdrop, the stock reaction may be relatively muted given the overhang from the FTC’s proposed settlement.