UBS analyst Leonardo Olmos lowered the firm’s price target on Vtex (VTEX) to $8 from $10 and keeps a Buy rating on the shares. Vtex is redoubling its focus on large enterprises and improving margins amid topline softness, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VTEX:
- Vtex price target lowered to $7.50 from $11.50 at BofA
- VTEX Earnings Call Highlights Resilience Amid Challenges
- Tesla disbands supercomputer team, Trade Desk Q2 spurs downgrades: Morning Buzz
- Vtex downgraded to Neutral from Outperform at Bradesco BBI
- Vtex downgraded to Neutral from Overweight at JPMorgan
