Craig-Hallum cuts PT on Vizio Holding amid weak economic outlook

Vizio Holding

28/12/2022 15:41

** Craig-Hallum cuts PT of electronic goods manufacturer
Vizio Holding Corp  VZIO.N  to $12 from $14 amid a recessionary
backdrop
    ** Says declining consumer purchasing trends to hurt co's
performance this holiday season  
    ** Expects shipment numbers to come under pressure, but sees
a bounce back in Q2 2023
    ** 10 of 12 brokerages rate the stock "buy" or higher, 2
"hold"; their median PT is $13.5 - Refinitiv data
    ** VZIO stock falls 1.5% to $7.28 in early trade; down 63%
YTD
 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))