BlackLine (BL) PT Lowered to $56 at KeyBanc
Tweet
Share
E-mail.jpg)
Get Alerts BL Hot Sheet
Price: $26.53 +0.61%
Rating Summary:
6 Buy, 10 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 35
Rating Summary:
6 Buy, 10 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 35
Join SI Premium – FREE
KeyBanc analyst Brent Bracelin lowered the price target on BlackLine (NASDAQ: BL) to $56.00 (from $65.00) while maintaining a Overweight rating. Despite positive feedback at the user conference this week, KeyBanc lowered 2019 revenue estimates by $17.7M.
Despite lowering our revenue estimates for 2019 by $17.7M to $272.5M on a conservative 20% growth assumption, KeyBanc raised EPS by a penny on improving margins tied to the elimination of a perpetual fee payment to SAP.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Goldman Sachs Upgrades TC Energy (TRP:CN) (TRP) to Buy
- Annexon Biosciences (ANNX) PT Raised to $15 at JPMorgan
- DA Davidson Downgrades BlackLine (BL) to Underperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
KeyBancSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
