Consensus Cloud price target raised to $19 from $17 at Citi

Citi analyst Fatima Boolani raised the firm’s price target on Consensus Cloud (CCSI) to $19 from $17 and keeps a Sell rating on the shares following the Q3 report. The firm says it remains cautious on the shares despite “growing signals of a turnaround.” Consensus Cloud’s go-to-market initiative remains in early stages as evident in the modest revenue outperformances, the analyst tells investors in a research note.