Raymond James lowered its price target on Dye & Durham (DND.TO) to CA$1.75 from CA$4 on Thursday.

Analyst Stephen Boland maintained a market perform rating on shares of the Canadian software company following its quarterly results.

"While shares reacted sharply to a better-than-feared 4Q26, we caution against extrapolating one quarter of improved fundamentals," Boland said in a note to clients. "DND now appears to have a credible path to remaining a going concern, but the margin for error remains slim, and each quarter will need to demonstrate revenue stability, cost discipline and cash generation."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)