Guggenheim downgraded Smartsheet (SMAR) to Neutral from Buy without a price target citing the expiration of the “go-shop” period in the proposed acquisition by Blackstone (BX) and Vista Equity Partners. The main risk to investors at this time is the failure to complete the acquisition of Smartsheet by Blackstone and Vista Equity Partners, which is very unlikely, the analyst tells investors in a research note.
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