ServiceNow price target lowered to $180 from $200 at Stifel

Stifel lowered the firm’s price target on ServiceNow (NOW) to $180 from $200 and keeps a Buy rating on the shares. The stock is “an interesting value,” but it will take a sentiment shift among investors before ServiceNow begins to rerate and what will drive that shift “remains unclear,” the analyst tells investors in a post-earnings note.