CCC Intelligent Solutions price target lowered to $9.80 from $11 at Piper Sandler

Piper Sandler analyst Arvind Ramnani lowered the firm’s price target on CCC Intelligent Solutions to $9.80 from $11 and keeps a Neutral rating on the shares. Ramani expects the company to maintain "healthy" 8.6% top-line growth in 2023 due to its offerings, "difficult to replicate" network, and digitization trends. The analyst remains Neutral on CCC Intelligent Solutions due to its valuation and broader near-term macro challenges.