Cimpress price target lowered to $60 from $87 at Truist

Truist lowered the firm’s price target on Cimpress (CMPR) to $60 from $87 and keeps a Buy rating on the shares. The company’s Q3 results came in slightly below consensus expectations with softer revenue at Vista driven by weakness in Biz Cards, which saw headwinds from Google algo changes, the analyst tells investors in a research note. Growth in new product categories, including Promotional Products, remains strong however and accounts for a growing percentage of overall revenue, Truist added.