Keefe, Bruyette & Woods Downgrades First Advantage (FADV) to Market Perform
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Keefe, Bruyette & Woods downgrades First Advantage (Nasdaq: FADV) from Outperform to Market Perform. Price target $16.
Keefe analyst says, "We are downgrading First Advantage (FADV) from Outperform to Market Perform
following the announcement of an offer by First American (FAF) to acquire all outstanding FADV stock at a price equivalent to $14.04/share using shares of FAF. While we believe there is a chance the offer price could increase prior to the deal closing, we see only a limited chance that a new level would exceed our $16 price target."
To see more analyst ratings on FADV Click Here.
First Advantage Corporation (First Advantage) is an international provider of risk mitigation and business solutions.
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