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Canaccord Genuity Cuts Price Target on Box (BOX) to $16 Following Mixed 1Q Report
June 2, 2016 10:44 AM EDTCanaccord Genuity maintained a Buy rating on Box, Inc. (NYSE: BOX), and cut the price target to $16.00 (from $18.00), following the company's 1Q earnings report. Box reported a mixed quarter with revenue and adjusted EBITDA at $90.2M and ($12.1M), ahead of Canaccord's respective estimates by $1.7M and $6.7M. Calculated billings... More
