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.
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Published first on TheFly
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Read More on XM:
- Qualtrics downgraded to Perform from Outperform at Oppenheimer
- Canaccord downgrades Qualtrics, says premium bidder unlikely
- Qualtrics downgraded to Hold from Buy at Canaccord
- William Blair downgrades Qualtrics, sees higher bid as unlikely
- Qualtrics downgraded to Market Perform from Outperform at William Blair
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