VeriSign price target lowered to $236 from $237 at Citi

Citi lowered the firm’s price target on VeriSign to $236 from $237 and keeps a Buy rating on the shares. The firm is reducing its domain name and revenue forecasts to align with quarter-end data from the March edition of its domain name tracker, noting that VeriSign’s domain name base fell 274K in Q1 as trends softened in March from the more stable trends observed through the first two-thirds of Q1..