BUZZ — ASX — listed Xero falls as Jefferies cuts its PT amid AI risks and stiff US competition
(Updates) * Shares of ASX-listed Xero Limited fall as much as 6.5% to A$55.680, their biggest intraday pct fall since May 14 * Stock hits its lowest level in a week * Jefferies cuts price target on Xero to A$67 from A$77 * Brokerage says AI unlikely to replace the software firm's accounting software but AI agents may o