Raymond James analyst Alexander Sklar downgraded Duck Creek Technologies to Market Perform from Outperform without a price target following the company’s $2.6B acquisition by Vista Partners. He believes the multiple on the takeout represents a fair value for Duck Creek and does not see a potentially higher bid emerging.
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Published first on TheFly
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- Duck Creek Technologies management to meet virtually with Needham
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- Duck Creek Technologies downgraded to Equal Weight from Overweight at Barclays
- Duck Creek downgraded to Market Perform from Outperform at William Blair
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