Pros Holdings price target lowered to $28 from $36 at KeyBanc

KeyBanc analyst Jason Celino lowered the firm’s price target on Pros Holdings (PRO) to $28 from $36 to reflect airline weakness and near-term execution risk, while keeping an Overweight rating on the shares. The firm notes Pros reported Q3 subscription and total revenue slightly above consensus, but posted solidly better EBITDA. While Travel commentary remains largely unchanged, B2B continues to see broad-based strength. The company also announced that CEO Andres Reiner plans to retire once a successor has been identified, KeyBanc adds.