National Bank downgraded Constellation Software (CNSWF) to Sector Perform from Outperform with a price target of C$4,500, down from C$5,500, following the resignation of founder Mark Leonard for health reasons. No other executive on the management team “will carry the same cachet” as Leonard, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 CNSWF:
- Constellation Software downgraded to Sector Perform at National Bank
- Leadership Transition at Constellation Software: Mark Leonard Resigns, Mark Miller Appointed President
- Constellation Software president Mark Leonard resigns, Mark Miller to succeed
- Bit Soft joins Volaris Group
- Constellation Software to Host AI Impact Q&A Webcast