Xero cops downgrade after admitting it did 'not execute to plan' in the US
PLUS: How US giant Intuit fared in its September quarter, and its latest North America customer numbers.
Forsyth Barr has lowered its 12-month price target for Xero from $20.50 to $17.00 following the company's half-year result delivered yesterday. Its rating remains underperform.
In its interim report, Xero conceded it "did not execute to plan in the period" in the key US market.
It also revealed
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Chris Keall
Fri, 21 Nov 2014
Fri, 21 Nov 2014
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Xero cops downgrade after admitting it did 'not execute to plan' in the US
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