BTIG analyst Andrew Harte downgraded AvidXchange (AVDX) to Neutral from Buy following the announcement that TPG (TPG), in partnership with Corpay (CPAY), entered into a definitive agreement to acquire the company for $10 per share. The firm thinks the $10 per share acquisition price is “fair” and expects shareholders to be in support of the proposed acquisition, the analyst tells investors.
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 AVDX: