B. Riley downgraded Squarespace to Neutral from Buy with a $43 price target after the company’s board accepted an all-cash offer of $44 per share from private equity group Permira. The firm cites the limited upside to the transaction price for the downgrade.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SQSP: