BMO Capital analyst John McNulty raised the firm’s price target on Diversey to $8.40 from $5.80 and keeps a Market Perform rating on the shares after the company entered into a definitive agreement to be acquired by Solenis for $4.6B. The valuation of the deal is reasonable and in line with Diversey’s returns profile, which has been held back due to leverage concerns, the analyst tells investors in a research note.
Published first on TheFly
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