Morgan Stanley analyst Craig Hettenbach lowered the firm’s price target on Definitive Healthcare to $5 from $9 and keeps an Equal Weight rating on the shares. Updated 2024 guidance bakes in a material slowdown in the second half and while a change in leadership represents a potential catalyst, the turnaround is likely to take time and could be further complicated by headwinds to Life Sciences spending, the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DH:
- Is DH a Buy, Before Earnings?
- Definitive Healthcare announces resignation of CRO Carrie Lazorchak
- Definitive Healthcare cuts FY24 adjusted EPS view to 32c-34c from 36c-38c
- Definitive Healthcare reports preliminary Q2 adjusted EPS 9c, consensus 9c
- Definitive Healthcare price target lowered to $7.50 from $9.50 at Stifel