SailPoint price target lowered to $16 from $24 at Scotiabank

Scotiabank lowered the firm’s price target on SailPoint (SAIL) to $16 from $24 and keeps an Outperform rating on the shares. The firm likes SailPoint’s position as the number 1 player competitively in governance, the analyst tells investors. With expectations reset to a level that looks “conservative,” the firm believes the current risk/reward profile skews up.