Barrington downgraded Avantax to Market Perform from Outperform after the company announced an agreement to be acquired by the holding company for Cetera Financial for $26 per share in cash. The transaction to go private is expected to close by the end of 2023, has been unanimously approved by Avantax’s board and is not subject to any financing condition, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AVTA: