Business-to-business media group Tarsus has had its target price scaled by from 183p to 178p by Singer Capital Markets, but the broker keeps its positive stance after the group's recent Turkish expansion.The group's fundraising has been approved and the acquisition of Istanbul-based exhibition business IFO (announced in May) is now complete, the broker notes."These actions expand the breadth and depth of the group, enhance growth potential and reduce leverage," said analyst Johnathan Barrett."We adjust our Target Price to reflect the impact of the acquisition and the dilutive effect of the fund raise which was for both the acquisition and debt reduction purposes."Nevertheless, a 'buy' rating is retained. "As flagged in our last note Tarsus, has had a good start to the year in trading terms and we have estimated there could be £0.5m to £1m of visible upside to PBT [profit before tax] expectations," said Barrett.---BC