Form 8-K ServiceNow, Inc. For: Jan 27

Go back to Form 8-K ServiceNow, Inc. For: Jan 27

UPDATE: MKM Partners Cuts ServiceNow (NOW) to Neutral on Macro Weakness, Valuation

January 28, 2016 7:53 AM EST

(Updated - January 28, 2016 11:12 AM EST)

MKM Partners downgrades ServiceNow (NYSE: NOW) from Buy to Neutral with a price target of $60. The change follows Q4 results. Analyst Kevin Buttigieg doesn't think the stock's premium is sustainable given decelerating billings and softer macro.

Buttigieg... More