Keefe, Bruyette & Woods analyst Bose George upgrades Enact Holdings (NASDAQ:ACT) from Market Perform to Outperform and raises the price target from $25 to $26.5.
There is likely to be a slowdown in enterprise software spending growth in 2023. “Commentary by IT buyers, vendors, and channel partners suggests very low IT purchasing in the first half,” according to KeyBanc Capital Markets.