E2open price target lowered to $3 from $4 at Loop Capital

Loop Capital analyst Mark Schappel lowered the firm’s price target on E2open (ETWO) to $3 from $4 and keeps a Hold rating on the shares as part of a broader research note fine-tuning estimates on select Software names. The firm notes that its inputs with company management, field personnel, and potential buyers suggest that business fundamentals remain relatively consistent with recent quarters, setting the stage for most software vendors to report in line to slightly better-than-expected December prints. For the company however, Loop believes that while its global trade segment stands to benefit from potential U.S. tariffs from the incoming administration, and its Transportation Management System and ocean bookings businesses are poised to benefit from an improving freight market, these trends will likely take time before they show up in results, the analyst tells investors in a research note.