Guidewire Software downgraded to Sell from Neutral at Citigroup Citigroup downgraded Guidewire Software to Sell citing valuation and decelerating revenue following the company's Q4 results. Citi raised its price target for shares to $37 from $32.
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Guidewire Software Q1 earnings beat low quality, says Citigroup Citigroup views Guidewire Software's earnings beat as low quality since the upside was driven largely by services. The firm raised its price target for shares to $41 from $37 but continues to believe the stock is overvalued. Citi keeps a Sell rating on the name.