MoffettNathanson analyst Jackson Ader downgraded CS Disco to Market Perform from Outperform with a $9 price target. With the founder and CEO stepping down, the firm says “we’re not going to advise anyone to step into this mess today” and the firm is moving to the sidelines as the company “sorts itself out.” The firm adds that given Camara’s compensation structure, a sale of the company at a 20% to 30% premium to the current share price “may not be all that enticing to him.”
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