Perficient downgraded to Hold from Buy at Jefferies

Jefferies analyst Surinder Thind downgraded Perficient to Hold from Buy with a price target of $76, up from $70, after the company agreed to be acquired by EQT for $76 per share. The deal “appears to strike a balance between the company’s near-term challenges and long-term outlook, and we expect it to close as announced,” the analyst tells investors.