Bumble down after KeyBanc downgrades to 'sector weight'
Updates
** Shares of datingapps operator Bumble BMBL.O fall 1.1% to $6.37 in morning trading
** KeyBanc Capital Markets downgrades to "sector weight" from "overweight", saying app refresh may have undermined its core differentiator
** Says, Bumble fixing itself at a time when Tinder-parent Match Group's MTCH.O brands are in recovery
** "We believe there could be interest in an acquisition. Match would be the clear suitor, but we believe there would be regulatory headwinds given the level of industry consolidation implied," brokerage says
** Adds, Wall Street estimates may be "overly optimistic" on a return to growth by Q3 2025
** Avg rating of 23 analysts is "hold"; median PT $7 - LSEG
** Up to last close, BMBL down ~56% YTD
Reporting by Jaspreet Singh in Bengaluru
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