Intapp price target lowered to $65 from $75 at Stifel

Stifel lowered the firm’s price target on Intapp (INTA) to $65 from $75 and keeps a Buy rating on the shares. While broader macro uncertainty has weighed on the software group ahead of this earnings season, the firm believes Intapp’s near-term fundamental picture remains unchanged given the end-markets the company serves and its expanding platform, though the firm is trimming is price target due to multiple compression.