Barclays downgraded Tenable Holdings to Equal Weight from Overweight with a price target of $47, down from $51. The analyst says the vulnerability management category down-ticked in the firm’s latest chief investment office survey. As a result, the analyst repositioned its coverage for more secular growth in security. Barclays thinks consensus estimates for Tenable may still be high on fiscal 2024, and it incorporated Ermetic dilution into its model.
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