Wells Fargo downgraded Confluent (CFLT) to Equal Weight from Overweight with a $31 price target after IBM (IBM) agreed to acquire all of the issued and outstanding common shares of Confluent for $31 per share.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for 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 CFLT: