Citi raised the firm’s price target on Confluent (CFLT) to $31 from $26 and keeps a Neutral rating on the shares after the company agreed to be acquired by IBM (IBM) for $31 per share or $11B in cash.
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Read More on CFLT:
- IBM price target raised to $325 at Stifel after ‘solid deal’
- Confluent downgraded to Market Perform from Outperform at Raymond James
- Confluent downgraded to Neutral from Buy at UBS
- Confluent’s Acquisition by IBM: Hold Rating Amid Valuation and Product Challenges
- Confluent downgraded to Perform from Outperform at Oppenheimer