Dynatrace price target lowered to $60 from $70 at Truist

Truist lowered the firm’s price target on Dynatrace (DT) to $60 from $70 and keeps a Buy rating on the shares. Dynatrace “delivered solid results at the midpoint of their fiscal year with encouraging commentary around consumption,” but the firm believes that shifting dynamics in customer behavior are clouding the outlook, which includes conservatism for the timing of large deal closures as a byproduct of their strategic shift upmarket, the analyst tells investors.