Credit Suisse Downgrades Mentor Graphics (MENT) to Neutral Pending Siemens Merger

November 28, 2016 7:57 AM EST
Get Alerts MENT Hot Sheet
Price: $36.90 --0%

Rating Summary:
    2 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 10
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Credit Suisse downgraded Mentor Graphics (NASDAQ: MENT) from Outperform to Neutral with a price target of $37.25 (from $34.00) amid the pending Siemens takeover.

Analyst Farhan Ahmad sees a competing bid is a low probability event.

For an analyst ratings summary and ratings history on Mentor Graphics click here. For more ratings news on Mentor Graphics click here.

Shares of Mentor Graphics closed at $36.76 yesterday.

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