Talend downgrade at Citi

From thefly:

"Talend downgraded to Neutral from Buy at Citi Citi analyst Walter Pritchard downgraded Talend to Neutral as he thinks recent softness in bookings could yield a tougher setup for Q4 results and the 2018 outlook. The analyst lowered his price target for the shares to $50 from $61.

Interested in the detail behind the “recent softness in bookings”.



I love analyst downgrades like this that are seemingly based on nothing besides the bank wanting to get into the stock at a better price or getting their clients to trade more. Bought another chunk today and was able to average down quite a bit. Maybe the best strategy is to buy on downgrades or short reports.

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