8×8 price target lowered to $3 from $3.75 at Mizuho

Mizuho lowered the firm’s price target on 8×8 to $3 from $3.75 and keeps a Neutral rating on the shares. The company reported a solid revenue and operating margin beat in fiscal Q2, but the midpoint of management’s Q3 guide and full-year guide were below consensus expectations, the analyst tells investors in a research note.