Urgently price target lowered to $8 from $12 at Needham

Needham lowered the firm’s price target on Urgently (ULY) to $8 from $12 but keeps a Buy rating on the shares after its Q2 results. The company looks primed to win new business and grow revenues in the near term when weighing technological advantages vs. peers, contract wins and easy comps, with stable gross margins and continued operating expense discipline as they lap higher expense levels, the analyst tells investors in a research note.