Form 8-K PROGRESS SOFTWARE CORP For: Sep 27

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Progress Software (PRGS) PT Lowered to $45 at Jefferies

September 28, 2022 8:39 AM EDT

Jefferies analyst Brent Thill lowered the price target on Progress Software (NASDAQ: PRGS) to $45.00 (from $52.00) while maintaining a Hold rating following results.

The analyst commented, "PRGS delivered a top-line beat but FY22 reported rev guide was reiterated on worsening FX headwinds. Net... More