Jefferies analyst Samad Samana lowered the firm’s price target on Twilio to $60 from $65 and keeps a Hold rating on the shares. The company’s strategic review has concluded in a “disappointing fashion” as its Segment will be retained and run by a new leader, the analyst tells investors in a research note. The changes spurred by the review will also take time to make an impact, which likely means the fundamentals of “middling growth but improving margins” will also remain subdued or maybe worsen in the short term, the firm added.
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