C3 AI price target lowered to $14 from $24 at BofA

BofA lowered the firm’s price target on C3 AI (AI) to $14 from $24 and keeps an Underperform rating on the shares following the company’s Q1 miss and guide down, arguing that the “severity of the miss” suggests that underlying issues are mounting. With revenue declining 19% year-over-year, the firm contends that “it is clear that weak customer satisfaction is leading to attrition.”