Goldman Sachs Downgrades Ariba (ARBA) to Neutral After Buyout

May 23, 2012 7:36 AM EDT Send to a Friend
Get Alerts ARBA Hot Sheet
Price: $44.80 --0%

Rating Summary:
    3 Buy, 5 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 23 | New: 20
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Goldman Sachs downgraded Ariba (NASDAQ: ARBA) from Buy to Neutral with a price target of $44 after the company was acquired by SAP for $45, a 20% premium to yesterday's close

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

Shares of Ariba closed at $44.87 yesterday, with a 52 week range of $21.90-$45.48.


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