Pros Holdings upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc upgraded Pros Holdings to Overweight from Sector Weight with a $43 price target. The analyst sees the company’s recent business-to-business momentum carrying forward as Pros continues to benefit from go-to-market and packaging changes implemented over the last year. Additionally, the firm is encouraged by the continued recovery in travel and airline customers’ IT spend. As a result, it sees prospects of Pros driving modest revenue growth acceleration in 2024.