FiscalNote price target lowered to $3.50 from $5 at EF Hutton

EF Hutton analyst Tim Moore lowered the firm’s price target on FiscalNote to $3.50 from $5 and keeps a Buy rating on the shares post the Q1 report. The target cut reflects the relative valuation of the peer group and FiscalNote’s end markets customers’ spending deceleration since mid-2023, the analyst tells investors in a research note.