B. Riley analyst Bryan Maher downgraded TravelCenters to Neutral from Buy with a price target of $86, up from $75, after the company entered into an agreement in which BP will acquire TravelCenters for $86.00 per share. The analyst sees little reason to believe a better offer will come along.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on TA:
- TravelCenters downgraded to Neutral from Buy at B. Riley
- BMO sees another TravelCenters bidder as ‘unlikely,’ views deal as good outcome
- TA Surges after BP Agrees to Buy it for $1.3 Billion
- TravelCenters in pact with Electrify America to expand EV infrastructure
- TravelCenters signs 30 new franchise agreements in 2022