BofA is moving AvidXchange (AVDX) to No Rating because shares are no longer trading on fundamentals given that AvidXchange has agreed to be acquired by TPG in partnership with Corpay for $10 per share in an all cash deal.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVDX: