ZoomInfo price target lowered to $34 from $40 at Wells Fargo

Wells Fargo lowered the firm’s price target on ZoomInfo to $34 from $40 and keeps an Overweight rating on the shares. The firm notes Q1 showed signs of stabilization, with management commentary and the unchanged outlook suggesting sequential improvement. Wells sees downside as fairly limited at current levels, but expects ZoomInfo will remain range bound until these improvements surface.