Citi downgraded CCC Intelligent Solutions (CCC) to Neutral from Buy with a price target of $6, down from $10. The firm is “turning more selective” in the application software group with six downgrades. The rating changes reflects Citi’s view to underweight software, the analyst tells investors in a research note. The firm sees a lack of catalysts for the stocks over the next 12 months.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCC:
- CCC Intelligent Solutions adds VSSTA to Diagnostics Network
- CCC Intelligent Solutions price target lowered to $9 from $13 at Morgan Stanley
- CCC Intelligent Solutions Tops $1B, Leans Into AI
- CCC Intelligent Solutions Adds Independent Director, Revamps Governance
- CCC Intelligent Solutions appoints John Schweitzer to board of directors