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Matterport downgraded to Hold from Buy at Loop Capital

Loop Capital downgraded Matterport (MTTR) to Hold from Buy with a price target of $5.50, up from $5, after the company entered into a definitive agreement pursuant to which CoStar Group (CSGP) will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share.

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