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.
Chris Keall Fri, 21 Nov 2014
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.