Truist downgraded Alteryx to Hold from Buy with a price target of $48.25, up from $45, after the company agreed to be acquired by Clearlake Capital and Insight Partners for $48.25 per share. The announced deal price is roughly in line with Friday’s close, but represents a 59% premium to the share price prior to news reports of the company’s potential sale that began in September, notes the firm, which sees the deal as “a good outcome for shareholders. “
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