CS Disco assumed with Neutral from Overweight at JPMorgan

JPMorgan downgraded CS Disco to Neutral from Overweight with a $9 price target after assuming coverage of the name. The company’s lack of profitability and expectations that its margins will likely continue to deteriorate further remain headwinds for the stock, the analyst tells investors in a research note. The firm views CS’s risk/reward as balanced at current levels with 11% upside potential to the price target.