Black Knight downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Manav Patnaik downgraded Black Knight to Equal Weight from Overweight with an unchanged price target of $65. The analyst is waiting for more clarity on the outlook for U.S. business and information services stocks heading into 2023. He recommends reducing exposure and awaiting guidance from managements. Patnaik is looking for companies that guide conservatively.