Credit Suisse analyst Rich Hilliker lowered the firm’s price target on ZoomInfo to $26 from $32 and keeps an Outperform rating on the shares. The firm notes ZoomInfo reported lackluster Q2 results, provided Q3 guidance considerably below consensus estimates, and lowered its 2023 revenue, EBIT margin, and free cash flow margin targets by 3.9%, 96bps, and 341bps, respectively, at the midpoint.
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