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AvidXchange price target lowered to $13 from $14 at Susquehanna

Susquehanna lowered the firm’s price target on AvidXchange (AVDX) to $13 from $14 and keeps a Positive rating on the shares. The firm said while Q4 landed in line, lower float revenue, a reduction in net transaction retention, and the end of the political advertising season are weighing on the outlook.

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