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Focus Financial downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Kyle Voigt downgraded Focus Financial to Market Perform from Outperform with an unchanged price target of $55. The analyst cites the recent rally in the shares and the company’s agreement with CD&R to be taken private at $53 per share for the downgrade. The firm admits it could be leaving some upside on the table if competing bids develop.

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Published first on TheFly

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