Cannae Holdings price target lowered to $27 from $28 at RBC Capital

RBC Capital lowered the firm’s price target on Cannae Holdings to $27 from $28 and keeps an Outperform rating on the shares. The firm is updating its model but also notes that there could be compelling upside potential for the stock if the significant discount to intrinsic value narrows over time, the analyst tells investors in a research note.