Guggenheim downgraded Confluent (CFLT) to Neutral from Buy after the company agreed to be acquired by IBM (IBM) for $31 per share.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CFLT:
- Synopsys upgraded, Warner Bros. downgraded: Wall Street’s top analyst calls
- Confluent price target raised to $31 from $26 at Baird
- Confluent price target raised to $31 from $26 at Citi
- IBM price target raised to $325 at Stifel after ‘solid deal’
- Confluent downgraded to Market Perform from Outperform at Raymond James