JPMorgan lowered the firm’s price target on Procore (PCOR) to $85 from $97 and keeps an Overweight rating on the shares. While vertical software-as-a-service industrial and construction software companies are unlikely to be directly affected by the newly proposed tariffs, the industrial and construction end markets are relatively less appealing amid trade war uncertainty, 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 PCOR:
- Procore price target lowered to $90 from $100 at Jefferies
- Procore Technologies: Hold Rating Amidst Leadership Transition and Strategic Shifts
- Procore Technologies: Strategic Leadership Transition and Positive Outlook Reinforce Buy Rating
- Procore Technologies: Strategic Positioning and CEO Transition Create Attractive Investment Opportunity
- Procore Technologies: Strategic Leadership Transition and Market Position Drive Buy Rating