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Tenable price target lowered to $50 from $53 at Baird

Baird lowered the firm’s price target on Tenable (TENB) to $50 from $53 and keeps an Outperform rating on the shares. The firm said while there’s caution around core-VM, they view the 3Q billings guidance as achievable, supported by easing comps and largely stable “at-plan” channel net-scores.

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