RBC Capital downgraded Focus Financial to Sector Perform from Outperform with a $53 price target. Given the current price, the $53 per share takeover offer and the firm’s expectations that the transaction will go through, RBC Capital is moving to the sidelines.
Published first on TheFly
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Read More on FOCS:
- Focus Financial upgraded to Outperform from Market Perform at BMO Capital
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- Focus Financial downgraded to Market Perform at Raymond James after offer
- Oppenheimer downgrades Focus Financial to Perform after buyout offer
