Clarivate price target lowered to $4 from $5 at Barclays

Barclays lowered the firm’s price target on Clarivate (CLVT) to $4 from $5 and keeps an Underweight rating on the shares. The company reported “poor” Q4 results, pulled guidance, “questionable” buybacks, and a “Value Creation Plan” that does not appear large enough in scope to make a material difference, the analyst tells investors in a research note.