NowVertical downgraded to Sell from Buy at Stifel

Stifel downgraded NowVertical (NOWVF) to Sell from Buy with a price target of C$0.25, down from C$0.50. Software is facing an unprecedented selloff and while the firm believes escalating AI disruption fears are “overblown,” it sees opportunity for more selective positioning and downgrades five Canadian tech names it sees as “show-me, AI laggard stories.”