As previously reported, Craig-Hallum downgraded Pros Holdings (PRO) to Hold from Buy with a $23.25 price target The firm notes Pros Holdings being taken out by Thoma Bravo at $23.25 per share. The recent pushouts on growth acceleration have led to investor fatigue, and investor caution about AI impacts have weighed, Craig-Hallum adds. With limited strategic prospects, a “no-shop” clause and a 42% premium to prior close, the firm believes this offer is likely to be final.
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