Wells Fargo downgraded Momentive to Equal Weight from Overweight with a price target of $9.46, down from $10, after the company agreed to be acquired by a consortium led by Symphony Technology Group for $9.46 per share.
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Published first on TheFly
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Read More on MNTV:
- MNTV Jumps on $1.5B Acquisition by Symphony Tech
- Momentive downgraded to Hold from Buy at Craig-Hallum
- Momentive downgraded to Hold from Buy at Needham
- Momentive to be acquired by Symphony Technology Group for $1.5B in cash
- Momentive sees Q1 revenue flat to up 2%, consensus $124.2M
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