FiscalNote price target raised to $1.75 from 65c at DA Davidson

DA Davidson raised the firm’s price target on FiscalNote to $1.75 from 65c and keeps a Neutral rating on the shares. The company’s Q4 results were “mixed”, the analyst tells investors in a research note, stating that while its EBITDA progression and debt paydown are “nice”, FiscalNote growth remains unimpressive, the balance sheet still needs work, and its free cash flow is still negative.