AVYA - Avaya falls as price target lowered to $11 at Barclays

Barclays analyst Ryan MacWilliams lowered the firm's price target on Avaya Holdings (AVYA -5.6%) to $11 from $16 and keeps an Equal Weight rating on the shares. The analyst feels that an uncertain growth outlook has dampened investor enthusiasm for U.S. software names despite lower valuations and private equity interest. Since the start of 2022, Avaya Holdings shares fell around 49.4% and over a period of one year shares were down around 65.6%. Wall Street analysts stands with a Buy rating on the stock whereas, Seeking Alpha Quant System says Strong Sell.

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Avaya falls as price target lowered to $11 at Barclays