Blend Labs price target lowered to $5 from $7 at Citizens
Citizens analyst Aaron Kimson lowered the firm’s price target on Blend Labs (BLND) to $5 from $7 and keeps an Outperform rating on the shares. The company reported “strong” Q4 results but its Q1 guidance is “disappointing,” the analyst tells investors in a research note. Citizens reduced estimates but says the financial institution customers Blend serves will want to stay in the mortgage business.
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