Citizens downgraded Forge Global (FRGE) to Market Perform from Outperform without a price target citing the company’s agreement to sell to Charles Schwab for $45 per share. The firm believes the acquisition, set to close in the first half of 2026, represents a “win-win.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRGE:
- Forge Global’s Merger with Schwab: Navigating Regulatory Hurdles and Stockholder Approval Risks
- DraftKings downgraded, Instacart upgraded: Wall Street’s top analyst calls
- Hold Rating Maintained Amid Forge Global Holdings’ Acquisition by Charles Schwab
- Forge Global downgraded to Neutral from Buy at UBS
- Forge Global downgraded to Neutral from Overweight at Piper Sandler