C3 AI price target lowered to $17 from $21 at KeyBanc

KeyBanc analyst Eric Heath lowered the firm’s price target on C3 AI (AI) to $17 from $21 and keeps an Overweight rating on the shares. The firm cites weaker macro survey data and lower peer multiples. KeyBanc’s checks indicate Q1 bookings may be fine but to get ready for cautious updated guidance as pipelines build while signings slow.