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Fly News Breaks for August 9, 2018
INUV
Aug 9, 2018 | 07:35 EDT
Ladenburg Thalmann analyst Jon Hickman downgraded Inuvo to Neutral and lowered his price target for the shares to 68c from $3.40. The company's "soft" Q2 results point to slower pace of revenue growth into 2019, Hickman tells investors in a research note. Though profitability is improving, revenue growth will be muted until the IntentKey segment becomes a much larger portion of total revenues, the analyst contends. He now values Inuvo based on its bottom line earnings potential.
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