Atlassian price target lowered to $160 from $210 at Citi

Citi analyst Fatima Boolani lowered the firm’s price target on Atlassian (TEAM) to $160 from $210 and keeps a Buy rating on the shares post the fiscal Q2 report. The firm ices “sector turmoil” for the target cut but believes Atlassian’s fundamentals are “sound.”