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Bazaarvoice downgraded at B. Riley and Credit Suisse

Published 11/28/2017, 11:34 AM
© Reuters.  Bazaarvoice downgraded at B. Riley and Credit Suisse
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  • B. Riley downgrades Bazaarvoice (NASDAQ:BV) from Buy to Neutral, lowers the price target from $6 to $5.50, and removes the company from the firm’s Alpha Generators list.
  • The downgrade comes after Q2 beats and Bazaarvoice’s agreement to be acquired by Marlin Equity Partners.
  • B. Riley analyst Kevin Liu says the Marlin purchase price’s premium could have been higher due to the stronger fundamentals but doesn’t expect another offer to materialize. Marlin’s offer was a 14.5% premium on the closing price before the announcement.
  • Other analyst action: Credit Suisse (SIX:CSGN) downgrades Bazaarvoice from Outperform to Neutral.
  • Bazaarvoice shares are up 0.46%.
  • Previously: Bazaarvoice +13.5% on acquisition announcement (Nov. 27)
  • Now read: Mimecast: Accelerating Revenues Always A Good Sign


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