Kinaxis Q1 earnings exceed expectations, while banks lower price targets and CIBC downgrades rating.

Supply chain software firm Kinaxis has seen its price targets lowered by Scotiabank and TD Securities, while CIBC downgraded its rating to neutral. Despite these changes, Kinaxis's consensus rating remains a Moderate Buy. The company reported Q1 earnings of C$0.36 per share, exceeding analyst estimates by C$0.06. Kinaxis provides cloud-based supply chain software in the US, Europe, Asia, and Canada with a market cap of C$4.15 billion.