Scotiabank lowered the firm’s price target on HubSpot to $650 from $700 and keeps an Outperform rating on the shares. In the U.S. software sector, the firm sees the setup for its on-cycle names as mixed and does not anticipate Q2 being a catalyst for the sector, the analyst tells investors. Scotiabank expects companies to take a conservative stance towards the second half of the year.
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