Guggenheim downgraded Smartsheet (SMAR) to Neutral from Buy without a price target citing the expiration of the “go-shop” period in the proposed acquisition by Blackstone (BX) and Vista Equity Partners. The main risk to investors at this time is the failure to complete the acquisition of Smartsheet by Blackstone and Vista Equity Partners, which is very unlikely, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMAR:
- Smartsheet, AWS partner to synchronize data into Amazon Q Business
- Smartsheet downgraded to Neutral from Buy at Citi
- Starbucks upgraded, Hershey downgraded: Wall Street’s top analyst calls
- Smartsheet downgraded to Neutral from Buy at UBS
- Smartsheet downgraded to Peer Perform from Outperform at Wolfe Research