Skillsoft price target lowered to $50 from $66 at Citi

Citi analyst Thomas Singlehurst lowered the firm’s price target on Skillsoft to $50 from $66 and keeps a Buy rating on the shares. The company’s Q4 results were slightly below expectations on the revenue line but broadly in line on adjusted EBITDA, the analyst tells investors in a research note. The firm says the “muted” revenue outlook, coupled with Skillsoft’s high leverage, are weighing on sentiment. However, it thinks the equity’s valuation “more than captures this.” As such, Citi thinks Skillsoft’s risk/reward is positive.