Raymond James analyst Adam Tindle double downgraded New Relic to Market Perform from Strong Buy without a price target after the company announced an agreement to be acquired by TPG and Francisco Partners for $87 per share in cash.
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Read More on NEWR:
- Goldman Sachs upgraded, Rivian downgraded: Wall Street’s top analyst calls
- New Relic downgraded to Sector Perform from Outperform at RBC Capital
- New Relic price target raised to $87 from $77 at Truist
- New Relic price target raised to $87 from $73 at TD Cowen
- New Relic price target raised to $87 from $80 at Loop Capital
