Getty Images Holdings Inc. (GETY) PT Lowered to $3.50 at Macquarie

Macquarie analyst Tim Nollen lowered the price target on Getty Images Holdings Inc. (NYSE: GETY) to $3.50 (from $4.00) while maintaining a Neutral rating.

The analyst comments "Getty returned to YoY growth in Q2 for the first time in a year, now lapping Hollywood strikes and the worst of agency spending declines. Management lowered full-year guidance on FX impacts, still expecting +1-3% growth ex-FX. Adj. EBITDA guidance falls by 2% at the midpoint. We reiterate our Neutral rating and trim our TP from $4.00 to $3.50."

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