SolarWinds price target raised to $18.50 from $13 at Truist

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.