EverCommerce price target lowered to $12 from $14 at Stifel

Stifel lowered the firm’s price target on EverCommerce to $12 from $14 and keeps a Buy rating on the shares. Q3 total revenue came in just below Street estimates, while profitability outperformed, says the analyst, who still views EverCommerce as “uniquely positioned for healthy, profitable growth within the evolving SMB software market.”