BlackLine price target lowered to $40 from $55 at Truist

Truist lowered the firm’s price target on BlackLine (BL) to $40 from $55 and keeps a Hold rating on the shares as part of a broader research note on Application Software. All three of the firm’s Office of CFO software names have meaningful exposure to enterprises and public sector customers that can often spend six figures or seven figures on new and expansion deals, the analyst tells investors in a research note, adding that the firm can envision tougher dynamics on large deal performance over the next couple of quarters, especially if there is not much clarity on impact of tariffs and trade deals.