DA Davidson has decided to maintain its Buy rating of iMedia Brands (NASDAQ:IMBI) and lower its price target from $22.00 to $11.00.
Shares of iMedia Brands are trading down 3.52% over the last 24 hours, at $1.37 per share.
A move to $11.00 would account for a 702.92% increase from the current share price.
About iMedia Brands
iMedia Brands Inc is a global interactive media company that manages a portfolio of shopping television networks and web service businesses, primarily in North America, for English and Spanish speaking audiences. It's brand portfolio spans multiple business models and product categories and includes ShopHQ, iMedia Web Services, Bulldog Shopping Network, and LaVenta Shopping Network. It operates in three segments: Entertainment, Consumer Brand and Media Commerce Services. Geographically, it derives a majority of its revenue from the US.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
