Craig-Hallum downgraded Emcore (EMKR) to Hold from Buy with a $3.10 price target after Emcore and Velocity One announced a merger agreement with a purchase price of $3.10 per share in cash.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EMKR:
- Emcore, Velocity One enter merger agreement for $3.10 per share in cash
- Craig-Hallum upgrades Emcore to Buy, raises price target to $3
- Emcore upgraded to Buy from Hold at Craig-Hallum
- Emcore confirms receipt of unsolicited, non-binding proposal from Mobix Labs
- Mobix Lab submits proposal to acquire Emcore for $3.80 per share in cash