CCC Intelligent Solutions price target lowered to $12 from $13 at Jefferies

Jefferies lowered the firm’s price target on CCC Intelligent Solutions (CCCS) to $12 from $13 and keeps a Buy rating on the shares. The company posted a “solid” Q1 revenue beat, despite claim volume trends worsening, the analyst tells investors in a research note. The firm noted that its long-term thesis remains intact, but believes it will take stabilization in the core to drive shares higher.