Roth MKM downgraded Heritage-Crystal Clean to Neutral from Buy with an unchanged price target of $45.50 following the expiration of the company’s “go-shop” period on August 23. Shareholders have voted to approve the go-private buyout with J.F. Lehman & Company and the firm does not anticipate any regulatory issues surrounding the transaction, nor does it expect JFLCO having any issuing in funding the purchase.
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Read More on HCCI:
- Heritage-Crystal Clean downgraded to Neutral from Outperform at Baird
- Heritage-Crystal Clean: ‘Go-shop’ period expires in previously announced merger
- Heritage-Crystal Clean reports Q2 EPS 36c, consensus 54c
- Heritage-crystal Clean (HCCI) Q2 Earnings Cheat Sheet
- Heritage-Crystal downgraded to Market Perform from Outperform at Barrington