UBS downgraded Smartsheet to Neutral from Buy with a price target of $56.50, down from $61, after the company entered into a definitive agreement to be acquired by Blackstone and Vista Equity Partners at a value of $8.4B or $56.50 per share. The firm says its base case played out with the deal going through.
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Read More on SMAR:
- Smartsheet downgraded to Peer Perform from Outperform at Wolfe Research
- Smartsheet downgraded to Hold from Buy at Truist
- Monday.com price target raised to $300 from $250 at DA Davidson
- Smartsheet price target raised to $56.50 from $51 at RBC Capital
- Monday.com price target raised to $310 from $285 at Loop Capital
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