Jefferies downgraded Smartsheet to Hold from Buy with a price target of $56.50, down from $60, after the acquisition of the company by private equity buyers was “finally announced today after initial media mention in mid-July.” The firm does not see a high probability of another offer, the analyst tells investors.
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Read More on SMAR:
- Smartsheet downgraded to Neutral from Overweight at JPMorgan
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- 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
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