Citizens downgraded C3 AI (AI) to Market Perform from Outperform without a price target The company reported “very disappointing” fiscal Q3 results, the analyst tells investors in a research note. The firm cites C3 A’s near-term new business challenges, the risks associated with the business turnaround, the loss of the day-to-day involvement of founder and former CEO Thomas Siebel, and the market shift toward horizontal generative AI platforms for the downgrade.
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