Citi downgraded DocuSign (DOCU) to Neutral from Buy with a price target of $50, down from $99. The firm is “turning more selective” in the application software group with six downgrades. The rating changes reflects Citi’s view to underweight software, the analyst tells investors in a research note. The firm sees a lack of catalysts for the stocks over the next 12 months.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOCU: