C3.ai price target lowered to $11 from $13 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick lowered the firm’s price target on C3.ai to $11 from $13 and keeps a Sell rating on the shares. The analyst says that while the company’s fiscal Q2 results included some encouraging signs, he remains concerned "by a transition story with few tangible guideposts to measure progress along the way." He awaits more evidence that the changes happening at C3 will serve to accelerate adoption and monetization.