Quotient Technology upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley analyst Matthew Cost upgraded Quotient Technology to Equal Weight from Underweight with a price target of $4, up from $2.50, after Neptune Retail Solutions agreed to acquire the company for $4 per share. Neptune is an omnichannel retail marketing company that has in-store marketing rights in large grocers and drugstores and the acquisition allows Neptune to combine their in-store network and shopper marketing data across in-store and print media with Quotient’s extensive digital promotions offering and unique data sets, the analyst tells investors.