Piper Jaffray Lowers ACXM PT To $12

Piper Jaffray has lowered the Price Target of Acxiom Corporation ACXM from $15.00 to $12.00. According to the report, "We remain on the sidelines given continued growth uncertainties in both U.S. and international segments. Absent a truly differentiated digital solution, we believe Acxiom remains challenged by competing database marketing and analytics companies as well in-house adoption of these solutions. In addition, CEO and CFO departures further cloud Acxiom growth prospects." ACXM has a Neutral Rating and closed yesterday at $13.50 a share.