EverCommerce price target lowered to $10 from $12 at Barclays

Barclays lowered the firm’s price target on EverCommerce to $10 from $12 and keeps an Equal Weight rating on the shares post the Q3 report. Payments traction and operating margins were the highlight, though macro headwinds on fitness and health services drove tougher than expected Q3 bookings and Q4 outlook, the analyst tells investors in a research note.