Zoom: KeyBanc Downgrades Stock Amid Struggles Beyond Video Conferencing and Other Important Updates
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Court: M.D. Pennsylvania
Case: 1:18-cv-02118
KeyBanc has initiated coverage on Zoom Communications ZM with an Underweight rating and a $73 price target, citing weak growth outside its core video business and intensified competition from Microsoft Teams. The analyst noted that Zoom’s attempts to diversify into messaging, phone systems, and virtual events haven’t delivered enough traction post-pandemic.
More news for ZM investors—check what you might be missing right now
At the same time, Walgreens Boots Alliance WBA agreed to a $192.5M settlement with shareholders of Rite Aid ($RAD) to resolve claims related to downplaying regulatory risks in their failed merger.
You can check more information about it and file for a payout here.