Franklin Covey price target lowered to $96 from $100 at Northland

Northland lowered the firm’s price target on Franklin Covey to $96 from $100 and keeps an Outperform rating on the shares. Bookings were up "only" 2% year-over-year due to a few large non-renewals and the firm is reducing its EBITDA estimate on recognition unchanged guidance was on a constant currency basis, rather than an as-is basis. However, the "other leading indicator" of marketing meeting attendance remains strong, the analyst tells investors.