UBS downgraded Clearwater Analytics (CWAN) to Neutral from Buy with a price target of $24.55, down from $30, after the company reached an agreement to be acquired by an investor group led by Permira and Warburg Pincus for $24.55 per share in cash.
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Read More on CWAN:
- Clearwater Analytics Ends Go-Shop, Confirms GT Silver Merger
- Clearwater Analytics call volume above normal and directionally bullish
- Unusually active option classes on open January 16th
- Clearwater Analytics downgraded to Neutral from Buy at DA Davidson
- Clearwater Analytics downgraded to Equal Weight from Overweight at Wells Fargo
