Canaccord analyst David Hynes lowered the firm’s price target on Zeta Global (ZETA) to $24 from $42 and keeps a Buy rating on the shares. The firm noted the release of a short report which Canaccord admits was well constructed and deeply researched. They spoke with management who made a clear emphasis that Zeta abides by the letter of the law when it comes to its data collection processes. but the firm admits, it’s probably right to think that Zeta is operating in an area closer to the legal edge without crossing any lines.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ZETA:
- Zeta Global downgraded to Sector Weight from Overweight at KeyBanc
- Zeta Global downgraded to Sector Weight at KeyBanc with short theses mounting
- Zeta Global Denies Misleading Claims by Short-Seller
- Zeta Global announces $100M stock repurchase program
- Zeta Global says short-seller report ‘riddled with misrepresentations’
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
