BTIG downgraded Splunk (SPLK) to Neutral from Buy following the company’s announcement last week that it is being acquired by Cisco (CSCO). The two companies were confident in their ability to close the deal, and the firm contends that the transaction is a great strategic fit, 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>>
See today’s best-performing stocks on TipRanks >>
Read More on SPLK:
- Splunk put volume heavy and directionally bearish
- Splunk downgraded to Peer Perform from Outperform at Wolfe Research
- DA Davidson tech/software analysts to hold analyst/industry conference call
- Unusually active option classes on open September 22nd
- Wayfair upgraded, Deere downgraded: Wall Street’s top analyst calls