Barclays analyst Saket Kalia downgraded Duck Creek Technologies to Equal Weight from Overweight with a price target of $19, up from $14. Vista Equity Partners is acquiring Duck Creek for $19 per share in an all-cash deal. The analyst views the takeout valuation as fair.
Published first on TheFly
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Read More on DCT:
- Duck Creek downgraded to Market Perform from Outperform at William Blair
- Duck Creek Technologies downgraded to Hold from Buy at Needham
- Duck Creek Technologies management to meet virtually with Needham
- Duck Creek Soars Post Buyout by Vista Equity
- Duck Creek Agrees to be Acquired by Vista Equity Partners for $2.6 Billion
