🔴 Alight is trading 10.9% down today after DA Davidson cut its target to $22

Alight is trading 10.9% lower at $11.17 after DA Davidson lowered its price target from $32 to $22 while maintaining a Buy rating.

• DA Davidson cited customer-attrition concerns and expects declines in revenue, adjusted EBITDA, and free cash flow in 2026–2027.
• Sharply higher Treasury yields and renewed inflation concerns are also pressuring business-services and growth-oriented stocks.