Bill price target lowered to $60 from $61 at Truist

Truist analyst Matthew Coad lowered the firm’s price target on Bill (BILL) to $60 from $61 and keeps a Buy rating on the shares as part of a broader research note on select Payments companies. The firm is adjusting its price targets following Q3 results in the space while also noting lower comparable company multiples, though it is also assuming lower rates of net adds and core revenue growth, the analyst tells investors in a research note.