LivePerson price target lowered to $1 from $3 at Loop Capital

Loop Capital lowered the firm’s price target on LivePerson to $1 from $3 and keeps a Hold rating on the shares ahead of its Q1 results. The stock’s current “fire sale” valuation multiple of 1-times sales is “quite inexpensive”, but turnarounds always take much longer than management and investors expect, the analyst tells investors in a research note.