Wolfe Research analyst Darrin Peller upgraded MeridianLink to Peer Perform from Underperform without a price target. The firm views the company’s preliminary results constructively, particularly on adjusted EBITDA. The results do not reflect the 9% work reduction the company announced in January, suggesting here could be further upside to adjusted EBITDA this year pending the realized savings from the workforce reduction, the analyst tells investors in a research note. The firm cites valuation and the results for the upgrade.
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