Alight Solutions (ALIT) Raised to $40 by DA Davidson on Reverse Stock Split

DA Davidson analyst Peter Heckmann raised the PT to $40 and reiterated a Buy rating and $40.00 price target on Alight Solutions (NYSE: ALIT).

The analyst commented, "We have updated our share count and price target following Alight’s 1-for-20 reverse stock split (including Class A, B and V) that was effective after the market close on Tuesday, June 30th. We are maintaining our BUY rating on Alight and adjusting our price target to $40 (from $2) due to the reverse stock split."

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

Shares of Alight Solutions closed at $13.73 yesterday.

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