KeyBanc lowered the firm’s price target on Bill (BILL) to $60 from $70 and keeps an Overweight rating on the shares. The firm cites a tougher operating environment. The firm is also lowering its Bill top-line estimate, contemplating modestly softer spend in the second half of 2025, but remains bullish despite near-term caution as it is constructive on the competitive environment and potential take rate tailwinds into FY26.
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