Needham downgraded Vacasa (VCSA) to Hold from Buy and removed the firm’s prior price target after Vacasa announced a deal to merge with vacation rental property management company Casago. Casago will acquire all outstanding shares of Vacasa at $5.02, a 32% premium to Friday’s close, the analyst noted.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter