tiprankstipranks

Duck Creek Technologies downgraded to Underperform from Neutral at BofA

BofA analyst Michael Funk downgraded Duck Creek Technologies to Underperform from Neutral with a price target of $11, down from $16, citing his expectations that macro challenges impacting the P&C insurance industry will increase customer conservatism and stall cloud migration in the near-term. He also believes a tougher selling environment could persistently elongate what are already lengthy sales cycles, compress deal sizes and overall reduce sales productivity, Funk tells investors.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on DCT:

Disclaimer & DisclosureReport an Issue