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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMPS: