UPDATE: Jefferies Lowers PT on Velti on Multiple Challenges Ahead

In a report published Monday, Jefferies analyst Peter Misek reiterated a Hold rating on Velti (NASDAQ: VELT ), but lowered the price target from $2.15 to $1.50. In the report, Jefferies noted, “We think a pause in enterprise spending affected many of our companies' Q2 results and bookings. We trim