Dynatrace price target lowered to $55 from $58 at Citi

Citi lowered the firm’s price target on Dynatrace to $55 from $58 and keeps a Buy rating on the shares. The analyst updated models in systems software following the quarterly results. New business was “surprisingly robust” but expansion momentum came mixed, slowing for historically strong performers and contracting for others, the analyst tells investors in a research note.