Raymond James analyst Frederic Bastien downgraded GDI Integrated (GDIFF) to Market Perform from Outperform with a price target of C$36.60, up from C$35, after the company agreed to a C$36.60 per share take-private offer from Birch Hill Equity Partners and Claude Bigras, citing its view that GDI will go private for the second time in 14 years.
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