Endava price target lowered to $100 from $104 at Susquehanna

Susquehanna analyst James Friedman lowered the firm’s price target on Endava to $100 from $104 and keeps a Positive rating on the shares. The firm hosted Endava recently and came away encouraged about the company position over the long haul. Our sense is that industry uncertainty persists and so we trimmed September estimates modestly for conservatism and subsequnetly our price target.