Needham & Company Downgrades Datalink Corporation (DTLK) to Hold Following Takeover

November 7, 2016 1:25 PM EST
Get Alerts DTLK Hot Sheet
Price: $11.24 --0%

Rating Summary:
    5 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 24 | New: 14
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Needham & Company downgraded Datalink Corporation (NASDAQ: DTLK) from Buy to Hold after the company agreed to be acquired by Insight Enterprises for $11.25/share.

"We do not expect the company to receive additional bidders above the Insight acquisition price. Further, we expect the transaction to close in 1Q17 without any regulatory issues," analyst Richard Kugele said.

For an analyst ratings summary and ratings history on Datalink Corporation click here. For more ratings news on Datalink Corporation click here.

Shares of Datalink Corporation closed at $9.43 yesterday.

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