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Pacific Crest Securities handed Criteo (CRTO) a price target cut, questioning the Paris-based ad tech firm’s global expansion pace and whether Alibaba Group (BABA) will emerge as a major client in 2016. Pacific Crest analyst Evan Wilson cut his price target on Criteo stock to 58 from 65 while maintaining an overweight rating on the company. Wilson estimates that Criteo places cookies “on 52% of the top 100 retail and travel sites (publisher and Scalper1 News
Scalper1 News