1131 ET - StubHub looks set to report a strong third quarter, with Citi analysts pointing to continued robust app downloads. The results could help the stock come back from a double-digit slide following its second-quarter report, the analysts say in a note. The stock's weakness has been driven by a few factors, including fears the company could miss its full-year adjusted EBITDA guidance after the metric came in below expectations in the second quarter, they say. The analysts upgrade the stock to buy but lower their price target from $9 to $7 to reflect potential headwinds from an MLB lockout as well as a lower multiple.
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