Clarivate downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded Clarivate (CLVT) to Neutral from Buy with a price target of $3.60, down from $4.20. The firm says the company’s “Value Creation Plan” will require an extended timeframe to produce meaningful improvements in organic revenue growth. Clarivate’s revenue growth will be slow by increasing competition from AI-native entrants across its segments and its limited ability to drive pricing increases beyond low-single-digits, the analyst tells investors in a research note.