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EngageSmart downgraded to Market Perform on pending deal at William Blair

William Blair analyst Robert Napoli downgraded EngageSmart to Market Perform from Outperform. The Shares trade at 1% discount to the Vista Equity Partners offer price and the 30-day go-shop period expires on November 22, the analyst tells investors in a research note. The firm downgraded EngageSmart as it awaits the deal to close.

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