American Software shares are trading lower after the company reported Q4 financial results. Also, B. Riley Securities maintained a Buy rating on the stock and lowered its price target from $16 to $14.
Portfolio Pulse from Benzinga Newsdesk
American Software shares are trading lower after the company reported Q4 financial results. B. Riley Securities maintained a Buy rating on the stock but lowered its price target from $16 to $14.
June 07, 2024 | 6:15 pm
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American Software shares are trading lower following the release of Q4 financial results. B. Riley Securities maintained a Buy rating but reduced the price target from $16 to $14.
The decline in American Software's share price is directly linked to the Q4 financial results, which likely did not meet market expectations. Additionally, the reduction in the price target by B. Riley Securities, despite maintaining a Buy rating, suggests a tempered outlook, contributing to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100