Procore price target lowered to $87 from $110 at UBS

UBS lowered the firm’s price target on Procore (PCOR) to $87 from $110 and keeps a Buy rating on the shares. While the firm’s checks weren’t sounding any alarm bells yet, sounding constructive on near-term Procore demand since it’s being supported by already funded projects, there is a risk of pausing or delaying spend in the future if uncertainty and tariff headwinds persist, the analyst tells investors in a research note. The firm believes these risks look already priced in to a degree and that checks were better than feared.