Nomura Securities Downgrades Apigee (APIC) to Neutral Following Takeover

September 9, 2016 6:25 AM EDT
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Price: $17.38 --0%

Rating Summary:
    1 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Nomura Securities downgraded Apigee (NASDAQ: APIC) from Buy to Neutral with a price target of $17.40 (from $18.00) after , Google announced a definitive agreement to acquire Apigee for $17.40 per share, or approximately $625mn in cash.

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

Shares of Apigee closed at $17.41 yesterday.

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