DA Davidson analyst Peter Heckmann downgraded Duck Creek Technologies to Neutral from Buy with a price target of $19, down from $22. The analyst cites the expiration of the "go-shop" period and expects the company’s previously announced acquisition by Vista Equity Partners to close in the second quarter of 2023 following the approval by Duck Creek’s stockholders and U.S. antitrust clearance.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on DCT:
- Duck Creek Technologies announces expiration of ‘go-shop’ period
- Duck Creek Announces Expiration of “Go-Shop” Period
- Duck Creek Technologies downgraded to Neutral from Buy at DA Davidson
- Duck Creek is Proud to be a Platinum Sponsor of Verisk ELEVATE 2023
- Duck Creek Technologies announces sponsorship of Verisk ELEVATE 2023