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Tenable price target lowered to $25 from $32 at DA Davidson

DA Davidson analyst Rudy Kessinger lowered the firm’s price target on Tenable (TENB) to $25 from $32 and keeps a Neutral rating on the shares. The firm is expecting solid Q4 results with modest upside on all metrics, though it is also cutting its price target on lower peer multiples and free cash flow estimates, the analyst tells investors in a research note.

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