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Fly News Breaks for November 29, 2016
SCOR
Nov 29, 2016 | 07:25 EDT
Oppenheimer analyst Jason Helfstein lowered his price target for comScore to $35 from $43 on lower revenue and cash margins, as he now believes the accounting investigation is largely complete, following last week's Form 8K filing. The analyst points out that while most of the filing was a repeat of the prior filling, management noted that "certain monetary transactions will need to be adjusted," which he believes relates to quarterly timing. Helfstein reiterates an Outperform rating on the shares.
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