Heritage-Crystal Clean downgraded to Hold from Buy at Truist

Truist analyst Tobey Sommer downgraded Heritage-Crystal Clean to Hold from Buy with a price target of $45.50, up from $42, after the company entered into a definitive merger agreement to be acquired by an investment affiliate of J.F. Lehman & Company in an all-cash transaction that values Crystal Clean at approximately $1.2B of $45.50 per share in cash.