Cannae Holdings price target lowered to $19 from $22 at RBC Capital

RBC Capital analyst Kenneth Lee lowered the firm’s price target on Cannae Holdings (CNNE) to $19 from $22 and keeps an Outperform rating on the shares after its Q3 results. The key catalyst remains upcoming December 12 shareholder meeting, with 4 directors up for vote, the analyst tells investors in a research note. RBC adds that broad AI/software concerns may be a drag on some of Cannae’s portfolio investment valuations in the near term.