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Domo price target lowered to $16 from $21 at TD Cowen

TD Cowen lowered the firm’s price target on Domo (DOMO) to $16 from $21 and keeps a Buy rating on the shares. The firm said they posted a mixed Q3 where they missed billings amid deal slippage as new GTM motions with CDW partners are seeing longer than expected sales cycles.

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