LivePerson price target lowered to 75c from $1.50 at Barclays

Barclays analyst Ryan MacWilliams lowered the firm’s price target on LivePerson to 75c from $1.50 and keeps an Underweight rating on the shares following the Q1 report. The analyst says new pricing and packaging coming in Q3 and an upcoming partnership with a global vendor were highlights in the quarter. The firm believes new management is making the right practical moves in professionalizing the organization and streamlining the business, but says it will take time to digest revenue divestitures and a new pricing model change.