Information Services price target lowered to $5 from $6 at Barrington

Barrington lowered the firm’s price target on Information Services Group to $5 from $6 and keeps an Outperform rating on the shares following the Q4 report. The company reduced its 2024 on slowing sales cycles, the analyst tells investors in a research note. The firm says slow client decision making related to the difficult economic environment and artificial intelligence complexity have weakened Information Services’ business outlook.