Barclays lowered the firm’s price target on ADT Inc. to $7 from $8 and keeps an Underweight rating on the shares. The analyst says it is “still too early to tell” if a rebrand will help the company’s volume.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADT:
- ADT Inc. 65M share Spot Secondary priced at $6.50
- ADT Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
- ADT Inc. 55M share Spot Secondary; price range $6.50-$6.75
- ADT authorizes repurchase of 15M shares of its common stock as part of offering
- ADT Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
