Cantor Fitzgerald analyst Troy Jensen downgraded Desktop Metal to Neutral from Overweight with a price target of $5.50, down from $12.50, after the company agreed to be acquired by Nano Dimension in an all-cash transaction valued at $5.50 per share. The firm believes the merger with Nano Dimension is highly likely to close and sees upside to the Desktop share price as limited to the transaction price of $5.50.
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