Truist analyst Tobey Sommer downgraded Heritage-Crystal Clean to Hold from Buy with a price target of $45.50, up from $42, after the company entered into a definitive merger agreement to be acquired by an investment affiliate of J.F. Lehman & Company in an all-cash transaction that values Crystal Clean at approximately $1.2B of $45.50 per share in cash.
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Read More on HCCI:
- Heritage Crystal Clean trading resumes
- Heritage-Crystal Clean to be acquired by J.F. Lehman in $1.2B deal
- Heritage Crystal Clean trading halted, news pending
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