Barrington analyst Kevin Steinke downgraded Heritage-Crystal Clean to Market Perform from Outperform with a price target of $45.50, down from $46, after the company entered into a definitive merger agreement to be acquired by J.F. Lehman & Company in an all-cash transaction that values the company at approximately $1.2B, equal to $45.50 per share. Heritage-Crystal shares are now reflecting the proposed buyout price, the analyst tells investors in a research note.
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