Yext price target lowered to $9.50 from $10.50 at Roth MKM

Roth MKM lowered the firm’s price target on Yext (YEXT) to $9.50 from $10.50 and keeps a Buy rating on the shares ahead of its Q4 results next week. The firm is updating its model based on recent “pre-announcement” and incremental FX headwinds, though it is encouraged by a recent tuck-in and highly complementary acquisition which expands Yext’s ability to leverage competitive intelligence and provide better local-search intelligence, the analyst tells investors in a research note.