tiprankstipranks

Qualtrics downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Mark Murphy downgraded Qualtrics to Neutral from Overweight with a price target of $18, up from $16. The analyst cites the rally in shares on the non-binding offer from Silver Lake Management and Canada Pension Plan Investment Board to acquire Qualtrics for $18.15 per share for the downgrade.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on XM:

Disclaimer & DisclosureReport an Issue