N-able price target lowered to $8.30 from $9 at Scotiabank

Scotiabank lowered the firm’s price target on N-able (NABL) to $8.30 from $9 and keeps a Sector Perform rating on the shares. The company had a “solid start” to the year, with Q1 results slightly above expectations on top and bottom line, the analyst tells investors. The firm is sitting on the sidelines to await further evidence in its fieldwork and checks of Adlumin’s ability to drive sustainable top-line growth.