Stifel downgraded Couchbase (BASE) to Hold from Buy with a price target of $24.50, up from $22, after the company announced an agreement to be acquired by Haveli Investments for $1.5B, reflecting $24.50 per share. Through the deal, shareholders would receive a 29% premium to the last full trading day prior to the acquisition announcement, the analyst tells investors in a research note.
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