By Michael Dabaie

 

Quotient Technology Inc. (QUOT) shares were down 11% to $9.90 in late-morning trade.

Morgan Stanley initiated the digital promotions, media and analytics company for consumer-packaged goods and retail marketing at Underweight with a price target of $8.

Quotient's current grocery retail partners face structural challenges from larger retailers like Walmart and Amazon, the Morgan Stanley note said. Incremental advertiser growth could be limited as well, the note said.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

December 19, 2019 11:43 ET (16:43 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Amazing Energy Oil and Gas (PK) (USOTC:AMAZ)
Historical Stock Chart
From Aug 2020 to Sep 2020 Click Here for more Amazing Energy Oil and Gas (PK) Charts.
Amazing Energy Oil and Gas (PK) (USOTC:AMAZ)
Historical Stock Chart
From Sep 2019 to Sep 2020 Click Here for more Amazing Energy Oil and Gas (PK) Charts.