FiscalNote price target lowered to $0.65 from $2.75 at DA Davidson

DA Davidson lowered the firm’s price target on FiscalNote to $0.65 from $2.75 and keeps a Neutral rating on the shares. The company’s Q3 results missed on the top line but were modestly ahead on EBITDA, the analyst tells investors in a research note. Sales execution remains an issue amid the go-to-market shift to an enterprise / strategic account focus and the tough macro environment isn’t helping, the firm added.