Pros Holdings price target lowered to $36 from $43 at KeyBanc

KeyBanc lowered the firm’s price target on Pros Holdings (PROS) to $36 from $43 and keeps an Overweight rating on the shares. The firm notes the company posted in-line Q2 revenue and better EBITDA results. That said, Pros called out incremental operational challenges faced by Travel customers, which were compounded by the CrowdStrike (CRWD) disruption, resulting in longer sales cycles and lower Travel customer bookings. The company also anticipates lower services revenue from higher expansion activity, KeyBanc adds.