UBS downgraded Altus Power (AMPS) to Neutral from Buy with a $5 price target after the company reached an agreement for TPG Rise Climate plans to acquire it for $5 per share. The firm’s base case is the deal closes and it expects the stock to be relatively range-bound until the transaction close.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMPS: