0124 GMT - Nuix loses its bull at Jefferies on its downgraded guidance. Analyst Wei Sim cuts his recommendation on the intelligence-software provider to hold from buy, telling clients in a note that he can't see whether the downgrade is due to overall market sentiment or the company's conversations with specific customers. He also warns that industry feedback suggests that Nuix has lost market share to rival Relativity over the past year. Sim cuts his revenue forecasts to reflect slower growth expectations, slashing his target price by 47% to A$2.60. Shares are down 1.5% at A$2.365. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 18, 2025 21:24 ET (01:24 GMT)
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