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Commerce.com price target lowered to $6.50 from $7 at Morgan Stanley

Morgan Stanley analyst Josh Baer lowered the firm’s price target on Commerce.com (CMRC) to $6.50 from $7 and keeps an Equal Weight rating on the shares. Better margins are taking a back seat to weaker growth, and the step backward in Q3 keeps the firm more cautious, the analyst tells investors in a research note.

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