BMO Capital lowered the firm’s price target on Procore (PCOR) to $67 from $87 and keeps an Outperform rating on the shares ahead of its Q4. The company’s results should be reasonable with upside on revenue likely to sustain sequential growth improvement and margin tension remaining higher, the analyst tells investors in a research note. BMO adds it anticipates greater clarity on the execution playbook that the new CEO outlined in December.
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