Clarivate price target raised to $11 from $9 at Jefferies

Jefferies analyst Surinder Thind raised the firm’s price target on Clarivate to $11 from $9 and keeps a Buy rating on the shares. The firm expects an in-line quarter, so it is most focused on the 2024 guidance. Though is expectations are for “only” low-single digit growth in 2024, the firm anticipates an improvement in the organic growth rate throughout the year to drive the re-rating of the multiple higher, the analyst tells investors.