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Fly News Breaks for January 8, 2019
MB
Jan 8, 2019 | 07:38 EDT
As previously reported, KeyBanc analyst Brent Bracelin downgraded Mindbody to Sector Weight from Overweight given the share price of $36.72 is slightly above the Vista Equity Partners buyout offer of $36.50. The analyst says that given the higher quarterly execution risks as Mindbody continues to integrate the Booker acquisition and migrates to a new payments platform in 2019, the private equity path makes the most sense to him.
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