Consensus Cloud Solutions price target lowered to $34 from $37 at Citi

Citi lowered the firm’s price target on Consensus Cloud Solutions to $34 from $37 and keeps a Neutral rating on the shares. The analyst updated models in systems software following the quarterly results. New business was “surprisingly robust” but expansion momentum came mixed, slowing for historically strong performers and contracting for others, the analyst tells investors in a research note.