Bill price target lowered to $46 from $54 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on Bill (BILL) to $46 from $54 and keeps a Market Perform rating on the shares post the fiscal Q4 report. The firm cut estimates citing the company’s weaker than expected outlook. The outlook reflects continued macro uncertainty and it is tough to be optimistic Bill “given the uncertainty that has persisted for quite some time,” the analyst tells investors in a research note.