Scotiabank raised the firm’s price target on N-able (NABL) to $8.75 from $8.30 and keeps a Sector Perform rating on the shares. The company posted a “respectable” quarter, with results above targets driven by tailwinds and operational outperformance, the analyst tells investors. While the firm believes management has executed well thus far in the choppy software macro environment, it plans to wait on the sidelines until further in N-able’s investment cycle.
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