Evercore ISI downgraded Splunk (SPLK) to In Line from Outperform with a $157 price target after the company agreed to be acquired by Cisco (CSCO) for $157 per share in cash.
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Read More on SPLK:
- Jefferies software/Internet analyst to hold analyst/industry conference call
- DA Davidson technology analysts to hold an analyst/industry conference call
- Elastic price target raised to $70 from $60 at DA Davidson
- Splunk downgraded to Neutral from Overweight at Piper Sandler
- Cisco Stock (NASDAQ:CSCO): Splunk Acquisition Signals Desperation