Northland downgraded Cantaloupe (CTLP) to Market Perform from Outperform with a price target of $11.20, down from $12, citing the pending acquisition by 365 Retail for $11.20 per share. The 34% valuation premium puts the deal in the upper quartile of transactions, the analyst tells investors in a research note. The firm believes Cantaloupe’s “process was thorough.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTLP:
- Cantaloupe downgraded to Market Perform from Outperform at William Blair
- Cantaloupe downgraded to Hold from Buy at Craig-Hallum
- Cantaloupe downgraded to Neutral from Buy at B. Riley
- Cantaloupe downgraded to Hold from Buy at Benchmark
- Cantaloupe downgraded to Underperform from Outperform at Barrington
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue