Rapid7 price target lowered to $20 from $29 at Scotiabank

Scotiabank analyst Patrick Colville lowered the firm’s price target on Rapid7 (RPD) to $20 from $29 and keeps a Sector Perform rating on the shares. The firm notes it views the shares as appropriately valued at its curernt level until it sees evidence of top-line growth that can re-accelerate, the analyst tells investors.