KeyBanc downgraded ZoomInfo (ZI) to Underweight from Sector Weight. The firm believes there are more attractive turnaround stories coming from positions of strength in its coverage compared to ZoomInfo. Upside may come from serious reduction of expectations, but given that even just a couple points of revenue growth would be material upside to estimates, multiple expansion will have to do most of the work for the stock, and KeyBanc believes that expansion will happen elsewhere, the analyst tells investors in a research note.
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