Sprinklr downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Pinjalim Bora downgraded Sprinklr (CXM) to Neutral from Overweight with an unchanged price target of $11. The firm sees a balanced risk/reward at the current price levels. While JPMorgan views the changes being introduced by the new CEO as a step in the right direction, it thinks these changes will take time to meaningfully reinvigorate growth, and could potentially introduce some near-term execution risk, the analyst tells investors in a research note.