LivePerson upgraded to Hold at Loop Capital after CEO exit

As previously reported, Loop Capital analyst Mark Schappel upgraded LivePerson to Hold from Sell with a price target of $6, up from $3, following the company’s announcement that CEO and founder Rob LoCascio will depart and resign from the board at the end of his contract term at the end of the year. The firm calls this “a positive first step and a move in the right direction” that removes the potential distraction of a protracted battle between LoCascio and activist Starboard Value, the analyst tells investors.