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Smartsheet downgraded to Peer Perform from Outperform at Wolfe Research

Smartsheet downgraded to Peer Perform from Outperform at Wolfe Research

Wolfe Research analyst Alex Zukin downgraded Smartsheet (SMAR) to Peer Perform from Outperform without a price target after Blackstone (BX) and Vista Equity Partners agreed to acquire the company in an all-cash transaction that values Smartsheet at $56.50 per share.

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