Braze price target lowered to $48 from $58 at Scotiabank

Scotiabank lowered the firm’s price target on Braze to $48 from $58 and keeps a Sector Perform rating on the shares. Software prints have been challenged, which has set a lower bar for the company, the analyst tells investors. Braze remains one of its favorite Sector Perform rated stocks within its coverage due to recent pullback in shares, the firm adds.