Mizuho Securities Downgrades Qlik Technologies (QLIK) to Neutral Following Takeover

Mizuho Securities downgraded Qlik Technologies (NASDAQ: QLIK) from Buy to Neutral with a price target of $30.50 (from $37.00) after the company agreed to be acquired by Thoma Bravo for $30.50. The analyst calls the acquisition price disappointing.

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

Shares of Qlik Technologies closed at $28.97 yesterday.

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