Raymond James Maintains Outperform on EverCommerce, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Peterson has maintained an Outperform rating on EverCommerce (NASDAQ:EVCM) but lowered the price target from $14 to $12.

November 07, 2023 | 7:20 pm
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NEUTRAL IMPACT
EverCommerce's price target has been lowered from $14 to $12 by Raymond James, though the Outperform rating is maintained.
The news is directly about EverCommerce. The lowering of the price target might indicate a potential downside risk, but the maintained Outperform rating suggests that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100