BigCommerce downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Raimo Lenschow downgraded BigCommerce (BIGC) to Underweight from Equal Weight with a price target of $7, down from $8. The analyst thinks the company will continue to see “stagnant” growth in the near term as it faces the challenge of improving execution against ongoing industry pressure and competition. BigCommerce has made a number of changes over the last few months to “course correct,” and the changes “will take time to come to fruition,” the analyst tells investors in a research note.