LivePerson price target lowered to $2 from $3.75 at B. Riley

B. Riley lowered the firm’s price target on LivePerson to $2 from $3.75 and keeps a Neutral rating on the shares. LivePerson reported mixed Q4 results, and FY24 looks to be another reset year as elevated churn resulted in the midpoints of FY24 revenue and adjusted EBITDA guidance of $307.5M and $20.5M, respectively, well below consensus, the analyst tells investors in a research note.