Wolfe Research analyst Alex Zukin downgraded Confluent (CFLT) to Peer Perform from Outperform without a price target after the company entered into an agreement to be acquired by IBM (IBM) for $31 per share in cash.
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Read More on CFLT:
- Confluent downgraded to Neutral from Buy at DA Davidson
- Confluent downgraded to Neutral from Outperform at Mizuho
- Confluent downgraded to Hold from Buy at Deutsche Bank
- Hold Rating on Confluent’s Acquisition by IBM: Balancing Valuation and Market Dynamics
- Confluent downgraded to Hold from Buy at Canaccord