Yext price target lowered to $9 from $11 at B. Riley

B. Riley analyst Naved Khan lowered the firm’s price target on Yext to $9 from $11 and keeps a Neutral rating on the shares. The company’s Q3 results were mixed and its Q4 revenue outlook was soft, reflecting partial impact from large customer churn, the analyst tells investors in a research note. The firm says elongated sales cycle and a challenging enterprise spending environment remain a drag on Yext’s near-term growth.