ServiceNow price target lowered to $641 from $644 at Barclays

Barclays lowered the firm’s price target on ServiceNow to $641 from $644 and keeps an Overweight rating on the shares. The analyst says ServiceNow shares should continue to be a relative outperformer “in these tough markets.” Strong federal business and healthy new logo activity in Q3 show that the company is executing well despite the macro headwinds, the analyst tells investors in a research note.