E2open Faces Organic Growth Challenges, Debt Overhang: Goldman Sachs Downgrades Stock
ETWOE2open(ETWO) Benzinga·2024-12-12 03:52

Goldman Sachs analyst Adam Hotchkiss downgraded E2open Parent Holdings ETWO from Neutral to Sell and lowered the price target from $3.5 to $2.9. The stock fell.Despite year-to-date stock underperformance, Hotchkiss noted that the lack of visibility into an organic growth turnaround, execution risk as the company works to refine its organic sales engine further, and the company’s floating-rate leverage overhang will likely weigh on E2open Parent shares over the next 12 months.As a business that has historica ...