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Craig-Hallum downgrades Cardlytics on consumer spending slowdown

Jul. 12, 2022 12:00 PM ETCardlytics, Inc. (CDLX)By: Preeti Singh, SA News Editor

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  • Cardlytics (NASDAQ:CDLX) shares dropped over 6% on Tuesday after Craig-Hallum downgraded the stock from buy to hold.
  • The brokerage also lowered its price target from $50 to $20, implying a 21% increase from last closing price.
  • Craig-Hallum analyst Jason Kreyer cited

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