MeridianLink downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Saket Kalia downgraded MeridianLink to Underweight from Equal Weight with a price target of $14, down from $17. The analyst cites the deteriorating mortgage backdrop for the downgrade. Around 20% of MeridianLink’s business comes from mortgage, and expectations for this market continue to decline, Kalia tells investors in a research note.