BofA Securities Reinstates Alight Solutions (ALIT) at Underperform

BofA Securities analyst Curtis Nagle reinstates coverage on Alight Solutions (NYSE: ALIT) with a Underperform rating and a price target of $1.40.

The analyst commented: "We reinstate coverage of Alight (ALIT) with an Underperform rating and a $1.40 price objective. Alight operates a benefits administration platform embedded within client HR ecosystems. While the business is anchored by a contract-based revenue model (92% recurring), timing friction across elongated sales cycles and implementation timelines creates a structural lag between bookings and reported revenue. ALIT has also had significant C-suite turnover (a new CEO & CFO took over last month) which in the short
term could delay turnaround efforts until a new strategic plan is established."

For an analyst ratings summary and ratings history on Alight Solutions click here. For more ratings news on Alight Solutions click here.

Shares of Alight Solutions closed at $1.30 yesterday.

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