Perficient downgraded to Market Perform from Outperform at Barrington

Barrington analyst Vincent Colicchio downgraded Perficient to Market Perform from Outperform after the company agreed to be acquired by an affiliate of EQT BP in an all-cash transaction that values the business at $76 per share. The takeover price is largely in line with the 12-month price target of $77 that the firm had previously published in its Q4 progress report, the analyst noted.