C3.ai Shares Tumble as Deutsche Bank Tells Investors to Sell the Stock

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C3.ai

shares are taking a beating Friday, pressured by a negative research note from

Deutsche Bank

analyst Patrick Colville, who cut his rating on the stock to Sell from Hold, with a new price target of $18, down from $36.

A provider of artificial intelligence software applications for enterprise customers, C3.ai (ticker: AI) posted financial results earlier this…