William Blair analyst Jeff Schmitt downgraded Focus Financial to Market Perform from Outperform after the company reached an agreement to be acquired by Clayton, Dubilier & Rice and Stone Point Capital in an all-cash transaction valued at $53 in cash per share.
Published first on TheFly
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Read More on FOCS:
- FOCS MERGER ALERT: Julie & Holleman Investigates Potential Legal Claims Related to Proposed Sale of Focus Financial to CD&R
- Focus Financial to be acquired by CD&R for $53 per share in cash
- Focus Financial downgraded to Sector Perform from Outperform at RBC Capital
- Focus Financial upgraded to Outperform from Market Perform at BMO Capital
- Focus Financial downgraded on limited upside to offer at Truist
