Raymond James analyst Brian Peterson lowered the firm’s price target on Blackbaud to $95 from $98 and keeps an Outperform rating on the shares. The firm came away from Blackbaud’s user conference with increased conviction in the durability of the Social Sector growth profile, with limited evidence of customer churn, the analyst tells investors in a research note. Raymond James continues to see a favorable risk/reward and believes that several potential EVERFI outcomes could yield a cleaner narrative.