Jefferies downgraded Snap One (SNPO) to Hold from Buy with a price target of $10.75, up from $10, following the announcement that Resideo (REZI) will acquire Snap One for $10.75 per share. Given Heller & Friedman’s 72% ownership of Snap One and the firm’s agreement with the transaction, Jefferies expects the transaction to close in the second half, as projected.
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- Resideo to Acquire Snap One to Expand Presence in Smart Living Products and Distribution
- Snap One price target raised to $12 from $11 at Truist
- Snap One Holdings Corp. Reports Earnings: Did it Beat Estimate Forecasts?
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