CI&T price target lowered to $6 from $8 at Canaccord

Canaccord lowered the firm’s price target on CI&T to $6 from $8 and keeps a Buy rating on the shares. The firm said the company delievered a strong performance in Latin America and yet growth appears to be broadening as its largest client’s weight, which accounts for 40% of its revenues, is tapering not because the client is slowing, but because the rest of CI&T’s base is accelerating.