Capital One analyst Connor Murphy downgraded Splunk (SPLK) to Equalweight from Overweight with a $157 price target after the company entered into an agreement to be acquired by Cisco (CSCO) for $157 per share in cash.
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Read More on SPLK:
- Unusually active option classes on open September 22nd
- Splunk downgraded to Market Perform from Outperform at William Blair
- Cisco to Acquire Splunk (NASDAQ: SPLK) in $28 Billion Deal
- Splunk jumps 21% to $144.75 after Cisco buyout offer of $157 per share
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