Wells Fargo downgraded Smartsheet (SMAR) to Equal Weight from Overweight with a $57 price target after the company agreed to be acquired by funds managed by Blackstone (BX) and Vista Equity Partners in an all-cash transaction valued at approximately $8.4B, or $56.50 per share.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMAR:
- Smartsheet downgraded to Neutral from Overweight at JPMorgan
- Deere dips after Trump tariff threat, DOJ to sue Visa: Morning Buzz
- Smartsheet trading resumes
- Smartsheet to be acquired by Blackstone, Vista Equity for $56.50 per share
- Smartsheet deal ‘done’ at $56.50 a share in cash, CNBC’s David Faber says
Questions or Comments about the article? Write to editor@tipranks.com