B. Riley analyst Josh Nichols downgraded Avid Technology to Neutral from Buy with a price target of $27.05, down from $35, after the company entered into a definitive agreement to be acquired by an affiliate of STG.
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Read More on AVID:
- Avid Technology price target raised to $27 from $25 at Jefferies
- Avid Technology reports Q2 EPS 22c, consensus 21c
- Avid Technology to be acquired by STG affiliate for $1.4B, or $27.05 per share
- Avid Technology Enters into Definitive Agreement to Be Acquired by an Affiliate of STG for $1.4 Billion
- Avid Technology Announces Q2 2023 Results