Jefferies lowered the firm’s price target on CCC Intelligent Solutions (CCCS) to $11 from $12 and keeps a Buy rating on the shares. The company reported solid Q3 results but its outlook suggests a soft finish to the year, the analyst tells investors in a research note. Jefferies believes investors expected a clearer path to growth reacceleration. As such, the stock will remain range-bound in the short-term, the firm contends.
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