Franklin Covey price target lowered to $37 from $60 at Northland

Northland analyst Nehal Chokshi lowered the firm’s price target on Franklin Covey (FC) to $37 from $60 and keeps an Outperform rating on the shares. The leading indicator of subscription invoice value growth worsened to an 8% year over year decline, though management continues to see green shoots with go to market transformation as evidenced by aggressive pace of buybacks, the analyst tells investors in a research note.