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LivePerson Drops Most in 4 Months After Recommendation Cut

June 21 (Bloomberg) -- LivePerson Inc. dropped the most in more than four months after the Israeli provider of real-time chats and voice customer-service software’s U.S.-traded shares declined following a recommendation cut.

The stock retreated 4.6 percent, the most since Feb. 19, to 68.51 shekels, or the equivalent of $17.66, at the close in Tel Aviv. The New York-traded shares fell 7.8 percent to $17.37 yesterday after the stock was reduced to neutral from buy at Janney Montgomery with a share-price estimate of $18.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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