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Coupa Software downgraded to Neutral from Buy at Citi
The Fly

Coupa Software downgraded to Neutral from Buy at Citi

Citi analyst Steven Enders downgraded Coupa Software to Neutral from Buy with a price target of $81, up from $66 after the company announced a takeout offer at $81 per share by Thoma Bravo. The anlayst views the offer following a "robust" strategic review as the best near-term outcome for shareholders, particularly in an increasingly competitive environment with a slowing macro.

Published first on TheFly

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