Synopsys upgraded, Warner Bros. downgraded: Wall Street’s top analyst calls
RBC Capital downgraded Confluent (CFLT) to Sector Perform from Outperform with a price target of $31, up from $30, after the company entered into an agreement to be acquired by IBM (IBM) for $31 per share in cash. Mizuho, DA Davidson, Wolfe Research, UBS, Raymond James, and Oppenheimer also downgraded the stock to Neutral-equivalent ratings.
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