Citi lowered the firm’s price target on Manhattan Associates (MANH) to $184 from $244 and keeps a Neutral rating on the shares. The firm says that it is re-assessing Manhattan’s risk/reward framework following a “disappointing” Q4 report and “surprise” CEO transition announcement. The reduced price target better accounts for near-term execution risk and the reset valuation environment, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MANH:
- Manhattan Associates price target lowered to $200 from $268 at Piper Sandler
- William Blair upgrades Manhattan Associates on attractive entry point
- Manhattan Associates upgraded to Outperform from Market Perform at William Blair
- Hold Rating Maintained Amid Leadership Transition at Manhattan Associates
- Manhattan Associates participates in a conference call with William Blair