Nice price target lowered to $100 from $125 at Jefferies

Jefferies lowered the firm’s price target on Nice (NICE) to $100 from $125 and keeps a Hold rating on the shares following Q1 results that were “mixed.” The “real frustration” lies in cutting the Cloud revenue outlook 75 basis points at the mid-point after just revising it upward in late February, says the analyst, who does not see the valuation improving “until the fundamental picture stabilizes.”