DA Davidson analyst Peter Heckmann lowered the firm’s price target on Q2 Holdings to $30 from $38 but keeps a Buy rating on the shares ahead of its Q1 results. The management is expected to comment on the ongoing liquidity crisis affecting a number of U.S. banks, and while the company has some revenue at risk, Q2 will likely make only modest changes to their prior FY23 guidance, the analyst tells investors in a research note.
Published first on TheFly
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