Truist raised the firm’s price target on SolarWinds (SWI) to $18.50 from $13 and keeps a Hold rating on the shares after the company’s announcement that it entered into an agreement to be acquired by Turn/River Capital. Viewing the existing Turn/River Capital portfolio, there is no significant overlap in the observability space that would raise antitrust concerns, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SWI: