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Fly News Breaks for May 12, 2015
LPSN
May 12, 2015 | 06:54 EDT
Credit Suisse downgraded LivePerson to neutral and lowered its price target to $8 from $19. The firm said LivePerson reported an in-line Q1 but was forced to lower 2015 revenue guidance mostly due to the loss of the AT&T (T) as a pay-for-performance chat customer and from a slow sales start and FX. Credit Suisse said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated and reduced its rating.
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