Asana price target lowered to $13 from $14 at KeyBanc

KeyBanc lowered the firm’s price target on Asana to $13 from $14 and keeps an Underweight rating on the shares. The firm was happy to see Asana deliver some stability, but KeyBanc says management is “certainly ambitious” and believes there are are things closer to home that need fixing first, like the expense vs. revenue growth rates before the focus can be shifted, the analyst tells investors in a research note.