EverCommerce downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded EverCommerce (EVCM) to Market Perform from Outperform without a price target The downgrade follows significant outperformance over the past 6-months and year, with shares up 15% and 10%, the analyst tells investors in a research note. The firm believes upside from present levels may be limited given the company’s liquidity profile and remaining significant insider overhang.