Cantor Fitzgerald analyst Josh Siegler downgraded Avantax to Neutral from Overweight with a price target of $26, down from $27, after Cetera Holdings agreed to acquire the company in an all-cash transaction valued at $1.2B, inclusive of Avantax’s net debt, or $26 in cash per share.
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Read More on AVTA:
- Avantax downgraded to Market Perform from Outperform at William Blair
- Avantax (NASDAQ:AVTA) Soars on $1.2B Acquisition by Cetera Holdings
- Blucora Inc trading resumes
- Avantax to be acquired by Cetera Holdings for $26 per share
- Avantax Enters into Definitive Agreement to be Acquired by Cetera Holdings