BMO Capital Maintains Outperform on Open Text, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Thanos Moschopoulos has maintained an 'Outperform' rating on Open Text (NASDAQ:OTEX), but lowered the price target from $50 to $45.

October 17, 2023 | 12:55 pm
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BMO Capital has maintained an 'Outperform' rating on Open Text but lowered the price target from $50 to $45.
The news is directly about Open Text (OTEX). While the 'Outperform' rating is maintained, the lowering of the price target might indicate a slower growth expectation. However, the impact on the stock price is uncertain as the lowered target is still a 'buy' signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100