LivePerson price target lowered to $4 from $5 at B. Riley

B. Riley analyst Zach Cummins lowered the firm’s price target on LivePerson to $4 from $5 and keeps a Neutral rating on the shares ahead of the Q3 report on November 8. The analyst awaits further stabilization of retention metrics, a potential leadership transition, and a clearer path to sustainable revenue growth in the core business-to-business business before recommending the shares.