JPMorgan analyst Alexei Gogolev downgraded CCC Intelligent Solutions (CCCS) to Underweight from Neutral with an unchanged price target of $10. The last few quarters have presented a “difficult environment” for CCC as adoption of emerging solutions has been slow, while claims volume decline has become more pronounced, the analyst tells investors in a research note. The firm expects the company’s organic revenue growth to decelerate further from the recent peak in 2021. It also believes CCC’s claims volume pullback may continue well into 2026.
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