Susquehanna downgraded AvidXchange (AVDX) to Neutral from Positive with a price target of $10, down from $13, following the announcement that TPG (TPG), in partnership with Corpay (CPAY), entered into a definitive agreement to acquire the company for $10 per share.
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Read More on AVDX:
- AvidXchange price target raised to $10 from $8 at Wells Fargo
- Cautious Outlook for AvidXchange Holdings Amid Strategic Partnerships and Macroeconomic Concerns
- AvidXchange Reports Modest Q1 2025 Revenue Growth
- AvidXchange downgraded to Neutral from Buy at BTIG
- AvidXchange price target lowered to $10 from $12 at Baird