Pros Holdings price target lowered to $20 from $24 at Stifel

Stifel lowered the firm’s price target on Pros Holdings (PRO) to $20 from $24 and keeps a Buy rating on the shares. This will be the first quarter under new CEO Jeff Cotten when Pros reports later this month and while “it’s too early to tell what the returns of the CEO transition will look like,” the “bar is fairly low and even modest top-line acceleration should be rewarded,” the analyst tells investors in a preview.