Why BlackLine Stock Was Sliding Today
An analyst downgraded his recommendation on the highly specialized software developer.
Overview
BlackLine (NASDAQ: BL) didn't have the best start to the new trading week, at least as far as its stock was concerned. Shares of the accounting software developer fell by more than 5% on Monday, due in no small measure to an analyst's downgrade.
The pundit responsible for that move was DA Davidson's Lucky Schreiner. For him, BlackLine is now an underperform (read: sell), where previously he rated it neutral. His current price target is $23 per share.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.