E2open price target lowered to $3 from $3.50 at UBS

UBS analyst Taylor McGinnis lowered the firm’s price target on E2open (ETWO) to $3 from $3.50 and keeps a Neutral rating on the shares. The company’s Q3 earnings report “fell short” as continued deal delays resulted in lower than expected revenue in the quarter, the analyst tells investors in a research note. The firm says this, coupled with increasing currency headwinds, led to a reduction of $3M in the fiscal 2025 total revs guide.