Jefferies downgraded PowerSchool to Hold from Buy with a price target of $22.80, down from $30, following news that Bain Capital will acquire PowerSchool for $22.80 per share. The analyst says PowerSchool’s takeover story has largely played out and the takeout price implies little upside from here.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PWSC:
- PowerSchool downgraded to Neutral from Overweight at Piper Sandler
- PowerSchool downgraded to Equal Weight from Overweight at Barclays
- PowerSchool downgraded to Sector Perform from Outperform at RBC Capital
- PowerSchool downgraded to Hold from Buy at Needham
- PowerSchool downgraded to Neutral from Overweight at Cantor Fitzgerald