Franklin Covey price target lowered to $95 from $100 at Northland

Northland lowered the firm’s price target on Franklin Covey to $95 from $100 and keeps an Outperform rating on the shares. While Subscription revenue was “resilient as expected,” a slower rebound in attach of services impacted EBITDA guidance. However, the hit was “only 1%” due to efficiency initiatives and the pipeline and efficiency initiatives point to accelerating growth, the analyst tells investors in a post-earnings note.